Foundation
Description Foundation Software is a platform for construction accounting that is ideal for commercial, prevailing wage, government, and industrial contractors. The software developer acknowledges that construction accounting is unique from normal accounting processes in other sectors such as businesses and other industries. The platform makes it easier for accountants to work in different states, trades, and jurisdictions with only a single timecard. Foundation software is a flexible and completely integrated solution that has the capacity to automate the production and management of complex financial data in the construction industry. It has the capacity to handle construction related information like the existing wage rates, retainage, union fringes, AIAs, certified payroll, equipment usage, labor costs, purchase orders and subcontracts, lump sum and per unit costs, tax spending, and other relevant information in the construction industry. The software can be utilized as a viable tool for job cost accounting, job costing, and project management. Review The software is a five star-rated construction accounting platform. It ensures that there is no need for accounting and finance in the industry. The platform gives users access to several services such as project management services, scheduling, and service dispatch. It has the capacity to work independently and eliminate the dependency on several multiple accounting platforms. The software makes it possible for quick preparation of construction financial reports, auditing, and addressing the unique issues in the construction accounting. The software makes it possible for Payroll management that has been a major challenge in the management of the construction accounting. Users of the platform will be able to automatically generate and calculate allowed pay rates. It ensures that taxes can be reflected in the timecards for contractors and workers.
- Some of the unique features that come with the Foundation software are
- Job costing feature: This feature allows you to manage and check construction budgets, job costs, estimated and actual expenses, invoice, billing, and the projected costs.
- The feature is flexible and allows for viewing of reports in different ways.
- The feature also makes it possible to drag and drop reports from the main list.
- Timesaving feature: The platform allows for timesaving in the handling of construction accounting.
- This feature enables companies to eliminate any data entry inaccuracies and enables the application of allowed union pay rates.
- Foundation software’s project management is convenient and efficient.
- It allows user to add files as scanned contracts.
- Some of the benefits that come with using the software are
- It allows for easy customization: Users will be able to customize the accounting software to meet their company’s unique construction accounting needs.
- The software is affordable: You can acquire the software with minimal financial investment compared to other platforms that can perform similar functions.
- It is highly customizable: You will be able to customize the software to meet your business’s specific construction accounting needs.
- It allows remote functioning: Your employees will be able to access the software and work remotely from any part of the globe.
- Cons
- The software developer acknowledges that construction accounting is unique from normal accounting processes in other sectors such as businesses and other industries. The platform makes it easier for accountants to work in different states, trades, and jurisdictions with only a single timecard.
- Foundation software is a flexible and completely integrated solution that has the capacity to automate the production and management of complex financial data in the construction industry. It has the capacity to handle construction related information like the existing wage rates, retainage, union fringes, AIAs, certified payroll, equipment usage, labor costs, purchase orders and subcontracts, lump sum and per unit costs, tax spending, and other relevant information in the construction industry. The software can be utilized as a viable tool for job cost accounting, job costing, and project management.
- Review
- The software is a five star-rated construction accounting platform. It ensures that there is no need for accounting and finance in the industry. The platform gives users access to several services such as project management services, scheduling, and service dispatch. It has the capacity to work independently and eliminate the dependency on several multiple accounting platforms. The software makes it possible for quick preparation of construction financial reports, auditing, and addressing the unique issues in the construction accounting.
- The software makes it possible for Payroll management that has been a major challenge in the management of the construction accounting. Users of the platform will be able to automatically generate and calculate allowed pay rates. It ensures that taxes can be reflected in the timecards for contractors and workers.