Finance and Accounting
Foundation Software is a platform for construction accounting that is ideal for commercial, prevailing wage, government, and industrial contractors. The software developer acknowledges tha...t construction accounting is unique from normal accounting processes in other sectors such as businesses and other industries. The platform makes it easier for accountants to work in different states, trades, and jurisdictions with only a single timecard.
Foundation software is a flexible and completely integrated solution that has the capacity to automate the production and management of complex financial data in the construction industry. It has the capacity to handle construction related information like the existing wage rates, retainage, union fringes, AIAs, certified payroll, equipment usage, labor costs, purchase orders and subcontracts, lump sum and per unit costs, tax spending, and other relevant information in the construction industry. The software can be utilized as a viable tool for job cost accounting, job costing, and project management.
The software is a five star-rated construction accounting platform. It ensures that there is no need for accounting and finance in the industry. The platform gives users access to several services such as project management services, scheduling, and service dispatch. It has the capacity to work independently and eliminate the dependency on several multiple accounting platforms. The software makes it possible for quick preparation of construction financial reports, auditing, and addressing the unique issues in the construction accounting.
The software makes it possible for Payroll management that has been a major challenge in the management of the construction accounting. Users of the platform will be able to automatically generate and calculate allowed pay rates. It ensures that taxes can be reflected in the timecards for contractors and workers. Read moreless