Construction accounting software helps you manage your business efficiently, whether you have a full service company or whether you have a full-service construction company or you're a specialty subcontractor. A general construction accounting software includes the following core features such as job costing, progress billing, retainage tracking, fixed assets and advanced budgeting. Most of the construction accounting softwares include analysis tools that help you achieve long and short-term goals.

One such software is Peachtree Premium Accounting for Construction. This is a powerful, yet flexible, solution specifically designed to help face the challenges of your construction company. This accounting software is very easy to startup and easy to learn as well. It provides accounting safeguards to your business. Peachtree Premium Accounting for Construction includes progress billing, fixed assets and advanced budgeting.

Another exceptionally good construction accounting software is the Microsoft Solomon IV. Microsoft Solomon IV combines bundle of Solomon IV modules (a generic accounting product) developed to face accounting, project management, service management and job costing needs of construction companies. It also encompasses modules from the financial series, project series, service series, and distribution series of Microsoft to provide an enterprise-wide system for middle-market contractors.

Solomon IV is a product line within Microsoft Business Solutions. Solomon IV is a client-server product built with industry-standard tools such as Visual Basic and Crystal Reports.

Solomon construction solution includes the modules of the Project Series (job cost, project management, contract management, project budgeting, time and expense for projects, analyzer, communicator and flexible billings. The financial series covers accounts payable, general ledger, cash management, payroll, advanced payroll and accounts receivable. Different modules from the Distribution Series in Solomon’s construction solution accounting software include inventory and purchase orders. In fact, it is believed that Microsoft Solomon IV is the best accounting software for construction.