Accounting software for construction companies
Construction accounting software has to keep up with supplier bills, subcontractor payments and draws across several jobs at once. Adopt keeps the company books and monthly close current, and your team approves every entry.
How construction companies handle this today.
Costs land across many jobs. Materials, subcontractors and equipment hit the bank and cards for several projects at once.
Retainage sits on both sides. Money held back by owners and money owed to subs both have to stay visible in the books.
Cash arrives in draws. Progress payments come in lumps, while payroll and suppliers go out every week.
Month end runs late. Statements arrive after the decisions about the next job are already made.
Construction accounting, kept current between draws
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Costs coded, with reasons
Supplier, subcontractor and equipment spend each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for construction companies
Your chart of accounts, as written
The account codes you already use stay exactly as they are.
Every account tied to the bank
Operating, payroll and card accounts reconcile to the cent every month.
An entity per company or venture
Separate companies and joint ventures each keep their own books.
FAQs
It keeps a contractor’s books: every cost and payment recorded, every account reconciled and month-end statements produced on time. Adopt prepares that work and your team approves it.
No. Adopt keeps the company books and the monthly close. Keep the job costing or estimating tool you rely on, and let Adopt keep the books underneath it reconciled.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
Yes. You can start free and connect your first accounts without talking to sales.
More software for construction companies
Contractor books, current between draws.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
