QuickBooks, a well-known accounting software program that manages expenses and basic accounting, isn’t enough to set your construction company apart.
While QuickBooks is useful for startups and small businesses, its abilities fall short beyond that. When you need to expand the costs of a broad range of materials, for example, or determine if you’re sticking to the budget as time progresses, you’ll need separate programs. And that’s not just a massive headache – it’s a liability; not having sophisticated accounting software will make it difficult to stay organized and could reduce your profitability.
While QuickBooks claims to work with construction companies’ work-in-progress jobs, it falls short when you have to rely heavily on spreadsheets and other systems; regarding cost reports, it gives estimates, but their accuracy is questionable.
So if QuickBooks doesn’t cut it, what are your options? Although the initial investment is higher than QuickBooks, you need accounting software that centers its operations on making construction companies operate efficiently. Sage Timberline or Sage CRE is highly rated software for construction companies; along with the Cabbage add-on, you’d have everything you need to run a profitable construction business without the hassle of multiple systems, confusing spreadsheets, and uncertain accounting.
It’s easy to be swept up in what QuickBooks has to offer – and its low price – but when it comes time to choose an effective and efficient program to keep tabs on all your projects and their details, QuickBooks won’t cut it. It’s time to quit relying on generic software in a specialist’s profession.
Contact us for more information.