Accounting Software for Construction Industry

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.

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For 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)
  • Chisco Transport Limited(Transport)
  • Lounge38(Hotel and Bars)
  • CTRL System Technologies Limited(Procurements)
  • Aristokrat 360 Limited(Creative & Media Agency)
  • Alpha Pharmacy (Health Care & Supermarket)
  • Ericsson Nigeria Multipurpose Co-operative Society (Co-operatives)
  • Fastanet Limited (ICT and Security)
  • Britanic Maritime (Maritime Service)
  • CEO Business Limited (Salary Advance, Credit Finance and Loan)
  • OneHealth Pharmacy (Health Care)
  • Olpharm Pharmacy (Health Care & Distributor)
  • Hawkes Legal(Legal)
  • Kantessa Limited(Fashion Store)
  • OPI Nigeria International Limited (Oil & Gas Servicing)
  • Zenilum Company Limited (Oil & Gas Servicing)
  • Lilygate Hotel(Hospitality)
  • Benstel Nigeria Limited(Bottle Water Production & Distribution)
  • Paraclete Nigeria Limited (Bottle Water Production & Distribution)
  • Josien Holdings Limited(Distribution)
  • Aisha Buhari Foundation (Futured Assured)(NGO)
  • Doheney HR Services(HR)
  • Insights Limited(Health Consultant)
  • Biddel Oil & Gas Limited (Oil & Gas)
  • System Intelligenz Limited(Contractor)
  • MagTech Information Security (IT)
  • Infusion Cakes Nigeria (Bakery)
  • Landmark Centre (Event Centre)
  • M.D School (Private School)
  • Travel Options (Travels)
  • Logos Travel Support & Solutions Ltd (Travels)
  • Germaine Auto Centre (Autos)
  • Starlight Nigeria (Retail)
  • Temple Private School (Education)
  • Value Mart Supermarket (Retail)
  • Transweb Bureau De Change (Financial Service)
  • 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.

Email: info@accountingsoftware.com.ng

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