Accounting Software for Construction Companies – Buy Best Accounting Software for General Contractors Business In Nigeria Kenya Ghana
While construction may not be a daily routine as we already know, it is one of the projects that requires huge cash outlay and lots of on-site activities when awarded to a company and as such there is the need to have a proper system of monitoring inflow and outflow of cash within the project execution period.
If you are a construction company manager, general contractor or accountant looking for the best accounting software that will organise all your finance in one place and generate a financial report on all construction activities, this guide may help you understand your needs accurately.
Request For Our Accounting Software ServiceFor over 5 years, we have implemented QuickBooks for several companies under Retail, Manufacturing, Oil & Gas, Real Estate & Construction, Travels, Hospitality,Legal, Co-operatives, NGOs, Financial & Service Sectors.
- Mbaire Services Nigeria Ltd(Construction)
- Aristokrat 360 Limited(Creative & Media Agency)
- Hawkes Legal(Legal)
- Lilygate Hotel(Hospitality)
- Josien Holdings Limited(Distribution)
- Aisha Buhari Foundation (Futured Assured)(NGO)
- Doheney HR Services(HR)
- Biddel Oil & Gas Limited (Oil & Gas)
- System Intelligenz Limited(Contractor)
- MagTech Information Security (IT)
- Infusion Cakes Nigeria (Bakery)
- Landmark Centre (Event Centre)
- Mountain Ice Travel & Tour (Travels)
- BTS System (Service)
- Logos Travel Support & Solutions Ltd (Travels)
- Germaine Auto Centre (Autos)
- BD Consult (PR)
- Starlight Nigeria (Retail)
- Temple Private School (Education)
- C. Charles Resources Limited (IT consulting)
- Adeniyi Coker Consultants Limited (Real estate and construction)
- The Nigerian Economic Summit Group (NGO)
- Value Mart Supermarket (Retail)
- Transweb Bureau De Change (Financial Service)
- Wakanow Travels (Travels)
- Vektro Food Limited (Manufacturing & Retails)
- Orient Petroleum PLC (Oil & Gas)
- Plus More
Before you deploy accounting software for your construction company, here are key functional questions a selected system should answer before implementation:
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- Does the software create a room to name a specific project or job?
- Can the software help you track project income earned and expenses incurred to a specific project?
- The software should help you ascertain profit or loss on a project as the construction work progresses.
- Can the software track all the petty cash disbursement to a project supervisor on a site?
- Can the software track all expenses incurred by the supervisor on a site?
- Can the software track all materials purchased and consumed on site with accurate inventory balance.
- Can the software do a project comparison report – actual performance against budget cost?
- The software should help you monitor all clients details and account receivable balances.
- The software should help you monitor all clients’ progress payment while the project is on-going and at the end generate a client account statement.
- The software should track all sub-contractors balances and cash disbursement so far.
- Overall company’s financial statement and bank transaction reporting can’t be ruled out as this reflect the business position on a periodic basis
- The system should also manage your withholding tax receivables and payables account and VAT deductions.
- Can the system create room for multiple users to access the data file on a central network?
While these are the basic considerations accounting software customized for a construction or general contractor business should deliver, you can also connect with us for more questions and implementation advice.
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