Construction is a key industry that is growing quickly in the US. The US government is investing heavily into building commercial structures like airports, hotels, hospitals, universities, and office buildings. According to businessmarketinsights, the market for US Construction Accounting Software is growing at a rate of 5.5% each year. It is expected to reach $331.00 million by 2028 from $239.56 million in 2022, by Offering, Deployment, and Application.
Construction accounting software helps contractors and other people in the construction field keep track of the money they earn and spend. This type of software is different from regular accounting software.
Why is it important to choose the best accounting software?
In accounting, tools like construction billing software and construction payroll software have been made to make things easier and better. Because of this, the global construction accounting software market was over $1.5 billion in 2022 and is expected to grow by 5% each year until 2032. (Global Market Insights, 2023)
This shows that more construction companies are looking for good accounting software. A study found that 25% of construction firms in the US plan to invest more in this type of software (AGC, 2023). Additionally, 43% of these companies mainly use cloud-based technology for accounting. This is slightly less than project management (57%) and field operations (47%). It is more than time tracking (42%) and tool management (16%).
With over 90+ construction accounting software choices out there, how do you pick the right one? To help you, we have put together a list of the best construction accounting software made for subcontractors.
The Top 7 Construction Accounting Software for 2025
Choosing the right accounting software can save you time, money, and stress. Here are the best solutions available in 2025:
1. Foundation Software – Designed for Construction
With 40 years in the industry, Foundation Software is built to handle contractor needs.
- Accurate Job Costing: Prevent cost overruns.
- Construction Payroll: Stay compliant with industry-specific rules.
- Custom Reports: Generate financial reports with ease.
- Seamless Integration: Works with project management tools.
2. MetaConstructX – Builds Profits, Not Just Spreadsheets
An all-in-one solution for your construction projects, ensuring precise financials, efficient resource management, and project management.
- Job Costing: Automatically creates purchase orders for materials, ensuring timely delivery without any guesswork.
- Geofencing Mobile Application: Accurate time tracking and location monitoring for your crew, improving safety and project oversight.
- Subcontractor Management: Delivers projects on time, manage purchase orders, RFIs, and RFQs efficiently, and track subcontractor progress to control costs and avoid disputes
- Project Management: With Business Central + MetaConstructX, enjoy seamless collaboration, unified workflows, and centralized project information.
- Timesheet Management: Easily track crew timesheets for accurate payroll, with employees able to log hours and submit timesheets from any device.
- AIA-Compliant Progress Billing: Automated tracking and invoicing for contractors, with payment reminders, simplifies billing. Flexible billing options like lump-sum, percent-complete, unit-based, or line-item invoicing ensure stress-free, accurate payments.
3. Trimble (Viewpoint Vista) –Trust your Numbers
Trimble Viewpoint Vista is a leading construction accounting and ERP solution that integrates job costing, payroll, and financial management into one platform.
- Document and Drawing Management: Centralize document management, collaboration, and control. Implement workflows, approvals, and project-wide information sharing.
- Site Management: Reduce snagging and rework while improving on-site productivity with mobile field app. It cuts down admin time without compromising quality or safety.
- Project Management: Make construction projects easier by using a standard way, ensuring visibility, control, and seamless collaboration for contractors of all sizes.
- BIM: Ensure compliance with BIM standards by defining, monitoring, verifying, and recording deliverables while maintaining agreed processes.
- PART L Compliance: Capture simple, paperless photos to meet Part L requirements.
- Quality Management: Improve quality standards and stop defects by taking steps to fix and avoid issues. This will lead to a better finish and shared accountability.
4. Sage 300 Construction and Real Estate – A Trusted Name
Sage 300 CRE is designed for complex construction projects and property management.
- 1,400+ Prebuilt Reports: Get financial insights instantly.
- Real-Time Project Management: Prevent errors with accurate data.
- Service Operations Tracking: Manage work orders, equipment, and maintenance.
- Real Estate Tools: Track leases and property finances.
| Why Job Costing Software in Cost Accounting Will Be Your Next Big Obsession – Read More |
5. Procore – Built for the Modern Contractor
Procore simplifies every phase of a project, making financial management easier.
- Preconstruction Management: Keep track of designs, estimates, and budgets in one place.
- Real-Time Collaboration: Avoid costly mistakes by ensuring office and field teams are on the same page.
- Financial Insights: Track spending as it happens to prevent budget overruns.
- 500+ Integrations: Works seamlessly with other construction tools.
- 24/7 Support: Get help anytime you need it.
6. Construction365 – Your Dynamics Business Partner
Construction365 simplifies construction accounting with real-time, error-free financial reporting, enabling seamless management and profit planning.
- Real-time financial reporting: Access up-to-date financial data anytime.
- Error-free accounting: Ensures accurate financial management with zero errors.
- Efficient dashboard navigation: Streamlined interface for easy data tracking and analysis.
- Profit planning tools: Monitor and plan business finances for maximum profitability.
- Seamless project data access: Instantly view project financial details and updates.
- Comprehensive construction-specific tools: Designed to meet the unique needs of construction businesses.
7. Contractor Foreman – #1 for Contractors
Contractor Foreman simplifies accounting integrated with work scheduling, time tracking, and client management features.
- Project forecasts: Plan and predict project costs and timelines accurately.
- Expense tracking: Monitor and control project expenses in real-time.
- Hourly invoicing: Bill clients based on hourly rates for transparent invoicing.
- AIA billing: Simplify AIA (American Institute of Architects) billing for contractors.
- Real-time cost tracking: Track project costs in real-time to stay within budget.
- Work schedule management: Efficiently schedule and manage tasks for your team
Choosing the Right Accounting Software: The Difference Between Profit and Loss
Even with the best software, choosing the right accounting software can make all the difference. Here’s what to look for:
- Construction Expertise: A general accountant won’t understand job costing.
- Proven Track Record: Look for firms with experience in the industry.
- Scalability: Find a firm that can grow with your company.
- Clear Communication: Avoid confusion and financial surprises.
The Future of Construction Finance: Adapt or Struggle
The future of construction finance is about making processes simpler, clearer, and more efficient. As technology continues to shape the industry, construction managers need reliable tools to handle budgets, costs, and project timelines. MetaConstructX, a powerful construction accounting software, offers exactly what’s needed.
With MetaConstructX, managing construction finances becomes straightforward. The platform helps you track budgets, expenses, and schedules in real-time, ensuring everything is aligned. It integrates seamlessly with your project management tools, cutting down on errors and keeping everything on track.
The software uses accurate data to predict costs and avoid surprises, helping you plan better and make informed decisions every step of the way.
Ready for smarter construction management? Start with MetaConstructX today!
