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Control cash flow with construction accounting software

Unlock total cost control and project visibility with construction accounting software built for the industry. Manage financials and track project margins with accurate, real-time data. Save time with automated workflows, and make data-driven decisions with powerful analytics.

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Finance and accounting software built for the US construction contractors

Financials in the construction industry require a lot of manual management – Access Coins centralizes financial data and project documentation, helping to control spending, eliminate paperwork and empowering leaders to make intelligent decisions, faster.

  • Automate a range of customizable financial reports, including project and board-level reports, with intelligent insights built-in. 
  • Ensure compliance with state and local-level regulations with functionality developed for the US construction industry.
  • Access Coins is designed to eliminate the need for multiple software solutions within a construction company. Break down data silos and work collaboratively across teams.
  • Track and forecast accurate outgoings with integrations into payroll, supply chain, subcontractor management and field service management modules within Coins. 
  • Save administration time with automated workflows, approvals and invoicing, freeing time for high-value work and analysis. 
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Key features of Access Coins accounting software

By increasing the visibility of existing assets, contracts and expenses, construction finance software helps firms simplify their financial processes across the construction lifecycle.  

Construction financials on the cloud 

Streamline your accounting processes with software built specifically for construction. Gain an accurate 360 view of project costs that can be accessed securely from anywhere. 

Project and board-level reporting and dashboards   

Eliminate manual number entry with financial dashboards powered by real-time data. Automate accurate and timely monthly, quarterly, or yearly reports.

Audit Trails 

Automatically maintain a full audit trail within Access Coins for transactional and non-transactional data to ensure compliance with internal and external audits and industry regulation.

Document Management 

Replace paper records with a digital capturing system which enables invoices, GRN and more to be stored compliantly with no time wasted on administration.

Forecasting 

Powerful forecasting tools enables construction businesses to confidently plan ahead and protect profit margins.

Asset Management 

Gain full visibility of equipment, plant and fixed assets so financial professionals have a clear picture that helps businesses maintain cashflow.

Automated workflows 

Build workflows for approvals, invoicing, purchasing and billing to save time and reduce errors. 

Integrated construction payroll

Automatically evaluate taxation at the state and local level to ensure compliance and simplify union payroll.

Transform your operations with Access Coins construction accounting software

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Leading cloud-hosted construction accounting 

Transformative construction accounting on the cloud. Accessible from anywhere, your data is hosted securely, with access control to keep sensitive data safe. Cloud construction accounting enables purchasing and payment transactions to be processed within a single portal and automates financial management processes across a business. 

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Total visibility across projects and assets 

Access Coins covers not only financial, but asset management. Instead of viewing financials and asset management as separate entities, businesses can use important asset to identify areas for savings. Track costs in real-time, prevent cost overruns and control cash flow with total visibility across labor, materials, equipment, assets and overheads.

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Simplify supplier, customer and contractor management 

Self-service portals for suppliers, contractors and customers enable electronic trading for a smooth experience which keeps budget tracking up-to-date. Improve supplier relationships and save time on managing payments with a smooth and easy-to-use experience on both sides of a transaction.

Case Study – A&G Services 

A&G Services, a specialty contractor based in Texas, has seen a transformation across their business just over a year after choosing Access Coins as their accounting and financial management software.  

Processes such as payroll processing, invoicing and billing have seen huge time savings, so the contractor can focus on analysis and growth.   

“Everything is so much more visible, we see things in real-time and there’s so many layers of approval that controlling costs in this way is far more effective”   

Gretchen Riddle, Controller, A&G Services

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Gain true insight into the financial health of your construction business 

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More solutions of Access Coins ERP

Project Management 

From managing documents to billing, connect your teams and projects with project management software designed for construction.  

Learn more

Workforce Management

Reduce errors and improve payroll efficiencies with software that documents, tracks and monitors time collection, taxes and payroll in real-time, backed up by comprehensive reporting.  

Learn more

Supply Chain Management 

Improve relationships with your supply chain, manage deadlines and predict roadblocks.  

Learn more

Field Service Management

With real-time data and remote access, Coins field service management tools unite all aspects of service operations from agreements, billing and maintenance to visit scheduling and dispatch. 

Learn more

Implementation, support and training from Access Construction 

Access Construction works in partnership with your business to ensure you get the most from your ERP. 

Seamless Implementation 

Our construction technology consultants work closely with your team to prepare, validate, launch and review your software.

Training and onboarding

We tailor our training to different roles and work with your team to deliver training that sticks.  

Award-winning support services

Our knowledgeable support team are there to quickly solve issues which may arise. Technical support is available both online and on the phone. Premier Success Plan members have a dedicated Customer Success Manager and access to a designated Lead Technical Support Engineer.

Construction finance and accounting software FAQs

What is Construction Accounting Software?

Construction accounting software is a specialized type of financial software designed to streamline and manage the unique financial needs of construction businesses. 

Construction accounting software helps construction companies track costs, manage projects, generate invoices, and maintain accurate financial records.    

What are the key features of construction accounting software?

The key features of construction accounting software include: 

  • Job Costing: Tracks the costs associated with each project, including labor, materials, and equipment. This helps in accurate project budgeting and profitability analysis.   
  • Progress Billing: Generates invoices based on the stage of completion of a project, ensuring timely cash flow.   
  • Retention Tracking: Manages retention payments, which are a portion of the payment withheld until project completion, ensuring compliance with contracts.   
  • Change Order Management: Handles changes to project scope and associated cost adjustments, maintaining transparency and accountability.   
  • Equipment Management: Tracks the purchase, maintenance, and depreciation of construction equipment.   
  • Payroll and Time Tracking: Manages employee payroll, including taxes, deductions, and time tracking for accurate labor cost allocation.   
  • Financial Reporting: Generates comprehensive financial reports, including profit and loss statements, balance sheets, and cash flow statements, to aid in decision-making.  

What is construction financial software? 

Construction financial software helps construction companies manage their finances efficiently throughout a project's lifecycle. It includes tools for budgeting, cost tracking, invoicing, job costing, financial reporting, and accounting integration. These features ensure accurate financial management, helping firms stay on budget and maximise profitability.

Learn more in our guide on what construction ERP is >

How is construction accounting software different from general accounting software?

Construction accounting software is tailored for project-based financial management, unlike general accounting software, which focuses on overall business finances. Key differences include

  • Project-based accounting: Tracks costs, revenue, and profitability per project.
    Job costing: Allocates expenses like labour, materials, and equipment to specific jobs.
    Revenue recognition: Supports industry-specific methods like percentage of completion.
    Progress billing: Enables invoicing based on project milestones.
    Regulatory compliance: Includes features like certified payroll reporting.
    Construction tool integration: Connects with project management and estimating software.

These features ensure construction firms manage finances more effectively than general accounting software.

What software is used in construction accounting? 

Typically, the most common types of construction accounting software in the US include:  

  • Enterprise Resource Planning (ERP): Comprehensive software integrating various business functions, including financials and accounting, project management, and supply chain management. 
  • Construction-specific Accounting Software: Tailored solutions designed specifically for the construction industry, offering features such as job costing, progress billing, and subcontractor management. 
  • Project Management Software with Accounting Modules: Project management platforms that include accounting modules for tracking project expenses, invoicing, and financial reporting. 
  • General Accounting Software: Traditional accounting software used by businesses across industries, offering basic accounting functionalities like general ledger, accounts payable, and accounts receivable. 
  • Cloud-based Accounting Software: Online accounting platforms that provide flexibility and accessibility, allowing users to access financial data from anywhere with an internet connection. 
  • Estimating Software with Accounting Integration: Estimating tools that integrate with accounting systems to streamline the transition from project estimation to financial management. 

Each of these software types serves a specific purpose in construction accounting, helping construction firms manage their finances effectively and ensure compliance with industry regulations. 

What should I look for in construction accounting software?

When selecting construction accounting software, you should consider:

  • Industry-specific Features: Look for elements like  job costing, progress billing, and subcontractor management.
  • Integration Capabilities: Choose software that seamlessly integrates with other systems e.g. project management software or ERP systems.
  • Scalability: Choose software that can scale with your business as it grows, accommodating increased project complexity and volume.
  • Ease of Use: Prioritize user-friendly interfaces to minimize training requirements for your team.
  • Comprehensive Reporting: Opt for software that provides robust reporting e.g. financial reports, project profitability analysis, and compliance reporting.
  • Mobile Accessibility: This allows users to access financial data and work on the go.
  • Customer Support: Select a reputable vendor that offers responsive customer support, updates and maintenance for a smooth operation. 

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Coins

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Manage construction accounting in one place with Access Coins

Break down data silos and gain an accurate view across your projects with accounting software that integrates with every aspect of construction operations. Protect project margins and build better with Access Coins.

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