Small contractors can start with QuickBooks and add Knowify for AIA billing and job costing, while specialty and commercial subcontractors that need union and certified payroll should compare Foundation Software, Sage 100 Contractor and ComputerEase. Growing, multi-entity firms that want cloud accounting and Procore integration should look at Sage Intacct Construction or Acumatica, and general contractors and builders that want a subcontractor pay-application portal at Premier. Mid-size and large contractors should shortlist Trimble Viewpoint’s Spectrum or Vista and CMiC. Because nearly every vendor prices by quote, ask for the full first-year cost — licenses, implementation, data migration, training and payroll add-ons — and talk to a reference customer in your trade.
How much does construction accounting software cost?
Only the small-business tools publish prices: QuickBooks Online runs $38 to $340 a month, and Knowify $99 to $329 a month billed yearly. Foundation, Sage, Trimble Viewpoint, Premier, Acumatica, ComputerEase and CMiC price by quote, and their cost depends on users or resources, modules, payroll and implementation, so expect a sales process and a setup project for the larger systems.
What is certified payroll?
Under the Davis-Bacon Act, contractors and subcontractors on federal or federally assisted construction projects must submit payroll information every week to the contracting agency or the project owner, each with a signed Statement of Compliance. The Department of Labor’s Form WH-347 is optional, and false statements are a federal crime. Construction accounting software with certified payroll generates these reports from your payroll data.
Do small contractors have to use the percentage-of-completion method?
Not always for taxes. The IRS exempts construction contracts expected to be finished within two years if the contractor’s average annual gross receipts over the prior three years are no more than $31 million for tax years beginning in 2025, or $32 million for 2026; home construction contracts have their own exception, which a 2025 law widened to residential construction. Your accountant should confirm which method fits, and good construction accounting software can report work in progress either way.