OneUp earns a 3.7 out of five-star rating on Capterra with six user reviews and 4.1 stars on G2 with 20 reviews. While it has very few user reviews, users who posted say that it is an easy-to-use solution with task tracking and lead capturing tools. They also appreciate the friendly, responsive and knowledgeable customer service OneUp offers. However, it doesn’t offer time tracking of payroll features, creating fewer efficiencies than some competitors provide. For example, I can easily add a project by filling out a simple form, then access the project’s financial reporting and cost/income tracking from the left-hand “projects” menu tab. I could then send invoices from this page and record expenses and bills.
- Regarding accounting, Foundation provides AIA billing, retainage tracking, and customizable invoices on the accounts receivable side of things.
- Completing tasks within the platform was as simple as filling out simple forms and following instructions that walked me through how to complete tasks (like connecting my bank account).
- Instead of having to email, call, or text a client individually, you can contact them directly through the app.
- The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
- As a freelancer, I know that you’re not self-employed for the love of admin work.
- If scheduling appointments or client meetings is your top priority, Drift Meetings is the tool you need.
What is the simplest bookkeeping software?
We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. Construction accounting places a lot of focus on accurate https://www.bookstime.com/ job estimating and costing. It uses a cash basis accounting and construction contractors should consult with a tax advisor to get the best tax strategy for their business. Finally, you want to find a solution that you can customize if you have special reporting or processing needs.
Best Tax Apps for Independent Contractors
Contractor features include specialized tools, such as the ability to manage and track equipment, share project documents with clients, track employee location, and general construction reports. Pricing is only 10% of the score because it’s more important to focus on getting contractor accounting software that has the features that fit your business needs than fixating on price. FreshBooks accounting software makes it easy to know exactly how your general contracting business is performing. Your dashboard shows you, at-a-glance, where you stand so you know where to focus and can run your business like the boss you are.
Best for Larger Small Businesses
- Accounting software’s low starting prices reflect service packages that may serve your construction firm well at first but prove limiting over time.
- Users say it is extremely easy to use and has all the basic features needed to manage small business accounting needs.
- This can sometimes be defined as any accounting solution designed to be used by a construction company.
- This way, you get a hands-on sense of whether the platform is right for your business.
- But if you didn’t find your match, you aren’t out of options—our self-employment honorable mentions each have something to offer.
Our partners cannot pay us to guarantee favorable reviews of their products or services. Furthermore, we couldn’t award a higher ease of use score because it may take time to set up a company file. QuickBooks Online also took a slight hit in pricing because you have to upgrade to a higher plan to get more users, as there is no option to add seats in any plan. We evaluated our best contractor accounting software across seven major criteria, as discussed below. FreshBooks accounting software for general contractors empowers you to work smarter, not harder.
The software even allows a breakdown of tracked time based on billable and non-billable activities within each project or job. From there, you can track job progress based on its income, expenses and profit margin, then easily turn timesheets into invoices. accountant for independent contractor Time billing reports further allow you to view time billing for activities, customers, employees, jobs, rate levels and productivity. Construction accounting software can provide financial reporting that gives you better insight into your operations.
- Starting and growing a construction business can be expensive and although you need to spend money to earn money, minimizing costs is key.
- The reporting will enable you to track the profitability of each project so that you can stay ahead of costly mistakes.
- Since it’s an all-in-one software, you don’t have to purchase separate programs for your accounting and construction management workflows—resulting in significant cost savings.
- To get the most tax assistance, you can sign up for a QuickBooks Self-Employed + taxes plan, which includes additional filing help from tax professionals.
- FreshBooks is an easy-to-use accounting software for freelancers without or with little accounting knowledge—its interface is non-intimidating and easy to learn.
When choosing accounting software, it’s important to consider the needs of your business and compare different features to find the best fit. Once I signed up for the account, I was asked a couple of questions to help Neat appropriately set up the account to meet my needs. The software can also automatically determine the right taxes and offer businesses the flexibility to manually adjust. And, businesses can customize their reporting using over 1,000-plus customizable reports.
This may be relevant for larger companies that have multiple projects that they manage simultaneously and need to create comprehensive reports and cash flow data for stakeholders. This is best for any contractor looking for a comprehensive, ready-to-use solution for accounting and project management. NetSuite’s accounting software is a good choice for businesses that need help with financial compliance and those that want to automate as many accounting tasks as possible. Once you’ve sent your invoice, you can then track invoices to ensure they’re paid, run reports that show the age of each outstanding invoice and apply invoice payments to specified transactions.