5+ Best Accounting Software for Contractors and Construction Businesses

Image of author Nick Cotter
Newfoundr
accounting software for contractor
March 13, 2023
-
10
min read

If you're a contractor or construction business looking for accounting software that can easily help you manage your financials, then you don't have to look any further. We've rounded up five of the best accounting software packages that are specifically designed to help contractors and construction businesses take control of their bookkeeping processes. With intuitive features such as invoicing, budget tracking and payroll management, each of these solutions will give you the data and financial insights you need to stay organized and profitable.

Who is the best Accounting Software For Contractor?

The Best Accounting Software For Contractor of 2023:

Here’s our shortlist of the best accounting software for contractor I'm ranking through our extensive research and use:

  1. Xero
  2. NetSuite
  3. FreeAgent
  4. ZipBooks
  5. Acumatica

Our Review of the Best Accounting Software For Contractor:

Here is our list of the best accounting software for contractor:

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Xero

Newfoundrz's Software Review:
Image of full star review ratingImage of full star review ratingImage of full star review ratingImage of half a star review rating
4.3
out of 5

Xero is a revolutionary cloud-based accounting software that has transformed the way businesses manage their finances. With its user-friendly interface and comprehensive suite of features, Xero makes it easy for businesses of all sizes to manage their accounting processes efficiently and effectively.

One of the standout features of Xero is its invoicing tool, which allows businesses to create professional-looking invoices that are fully customizable with their branding. The tool also enables businesses to set payment terms and automate payment reminders, reducing the risk of missed payments and improving cash flow.

Xero's inventory management feature is another standout tool that allows businesses to track their stock levels, sales, and purchase orders in real-time. With this feature, businesses can make informed decisions about inventory, avoid overstocks or shortages, and streamline their supply chain management processes.

Payroll processing is a critical function for businesses, and Xero makes it simple with its payroll feature. The tool automates payroll calculations, including employee salaries, taxes, and deductions, saving businesses time and ensuring compliance with relevant tax laws and regulations.

  • Bills & Expenses
  • Invoicing
  • Inventory management
  • Payroll
  • Bank reconciliation
  • User-friendly interface for small business owners
  • Extensive third-party app integration
  • Advanced inventory management
  • Higher pricing for advanced features and multi-currency support
  • Some users may find the interface too simplistic or lacking in advanced features
  • Limited mobile app capabilities
Pricing for Xero starts at $13/month and moves up to $70/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$13/month
Pricing Plan 2:
$70/month
  • HubSpot
  • Stripe
  • Shopify
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NetSuite

Newfoundrz's Software Review:
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4.1
out of 5

NetSuite is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project management
  • Unified platform for financial, inventory, and order management
  • Comprehensive reporting and analytics
  • Flexible customization and scalability
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited customer support options
Pricing for NetSuite starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Salesforce
  • Expensify
  • Dropbox
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FreeAgent

Newfoundrz's Software Review:
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4.2
out of 5

FreeAgent is a cloud-based accounting software aimed at freelancers and small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Project management
  • User-friendly platform for freelancers and small business owners
  • Simplified project and time management
  • Easy tax filing and compliance
  • Limited customization options for certain features
  • Higher pricing for advanced features and multi-user support
  • Limited mobile app capabilities
Pricing for FreeAgent starts at $0/month and moves up to $24/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$24/month
  • Dropbox
  • Salesforce
  • Google Drive
Get started →
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ZipBooks

Newfoundrz's Software Review:
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4
out of 5

ZipBooks is a cloud-based accounting software aimed at small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Time tracking
  • User-friendly platform with AI-powered automation
  • Comprehensive financial reporting and analytics
  • Streamlined payment processing and invoicing
  • Limited customer support options for some plans
  • Limited customization options for certain features
  • Limited mobile app capabilities
Pricing for ZipBooks starts at $15/month and moves up to $35/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$15/month
Pricing Plan 2:
$35/month
  • Trello
  • PayPal
  • Google Drive
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Acumatica

Newfoundrz's Software Review:
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4.2
out of 5

Acumatica is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project accounting
  • Unified platform for financial, inventory, and order management
  • Robust project and CRM management
  • Flexible and scalable customization
  • Steep learning curve for some users
  • Higher pricing for advanced features and customization
  • Limited customer support options for some plans
Pricing for Acumatica starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Salesforce
  • Dropbox
  • Zapier
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Featured Partners:
QuickBooks
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Software Rankings:
Disclaimer:
Each sponsored placement is distinguished with a distinctive blue ribbon, ensuring that you are aware of and informed about the content you're consuming.

Important Features to Look For in Accounting Software For Contractor:

Accounting Software For Contractor Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Xero true $13/month $70/month
NetSuite true Custom Custom
FreeAgent true $0/month $24/month
ZipBooks true $15/month $35/month
Acumatica true Custom Custom

Accounting Software For Contractor Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Xero 4 4.5 4.5 4.3
NetSuite 4.2 4.2 4 4.1
FreeAgent 4.5 4 4 4.2
ZipBooks 4.1 4 4 4
Acumatica 4.3 4.3 4 4.2

Is accounting software useful for contractors and construction businesses?

Can contractors and construction businesses benefit from using QuickBooks?

How can contractors benefit from using accounting software and what are the key advantages it offers for financial management?

How much does accounting software for contractors cost, and what features does it include for managing job costs, tracking subcontractors, or generating estimates?

Factors we use to Rank Accounting Software For Contractor:

Newfoundr

Founder and CEO

We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.