Financial reporting software for construction companies
Construction financial reporting software has to give owners, lenders and sureties statements they can rely on. Adopt builds your profit and loss and balance sheet from reconciled books, and shows how every number was built.
How construction companies handle this today.
Lenders and sureties ask often. Bonding and credit lines depend on current statements.
Costs land in the wrong period. Late supplier and subcontractor bills distort the month.
Retainage clouds the picture. Money held back sits on the balance sheet for months.
Reports are built by hand. Someone exports, pastes and reformats every month.
Contractor reporting, built on reconciled books
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 and set up your chart of accounts.
Keep the books current
Transactions are categorized and reconciled as they come in, with your approval.
Generate statements
A profit and loss and a balance sheet for the period you choose, by entity.
Review and share
Check any figure against its source, then share the statements with the people who need them.
What changes for construction companies
Your chart of accounts, as written
Account codes are kept exactly as you wrote them and shown beside every line.
The basis on the face
Period and basis are printed on every statement.
Traced to source
Every number links back to the transaction or document behind it.
FAQs
It produces a contractor’s financial statements from its books, with support behind each line. Adopt builds them from reconciled accounts and your team reviews them.
No. Those stay in your job costing tool. Adopt produces the company’s profit and loss and balance sheet from reconciled books.
Your team does. Adopt prepares categories, matches and journal entries and shows the reason for each one. Nothing posts until someone on your team approves it.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for construction companies
Statements your lender can rely on.
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.
