Estimating Software

Construction Accounting Estimating Software

Monday, February 8, 2010

How Can You Make Your Construction Business More Successful? Use Construction Accounting Software

If you run a construction business, you know how difficult it can be to estimate both project costs in terms of time and money, and the financial aspects of your overall business in general. You may find yourself struggling to keep on top of these things using old-fashioned accounting methods, but the fact of the matter is, these accounting methods aren't specifically geared for the construction business.

Enter construction accounting software. Construction accounting software can make you much more efficient and effective than old-fashioned accounting methods, thus increasing your profits overall as well. Why is this so important?

Think about this for a minute. Let's say you show up on a job site and you don't have the proper tools with you because you decided it would be more cost effective to "make do with what you have." Now, you may get the job done such that you even make the customer happy, but it's going to be much more difficult to do that job efficiently without the proper tools. A nail gun, for example, can do a much more efficient job of placing nails than can a hammer.

Now, those tools that make you so efficient may indeed cost you more money up front, but because they make you so much more efficient, you can work more quickly and effectively. Customers are happy, you get your work done quickly, and you can take on more work because you are so efficient.

The same is true of construction accounting software. Even though construction accounting software may look "expensive" up front, it's going to make you much more efficient and effective in your business overall. The software will make it much easier to accurately estimate project costs, so that you can provide accurate estimates for customers, without cost overruns that can slow things down, and it will also mean you can set profit margins accurately, so that your business continues to prosper. You'll be able to properly estimate bids as well so that a competitor who can accurately estimate costs doesn't underbid you.

Old-fashioned accounting "piecemeal" methods may have you tried keep track of disparate information on different pieces of paper, ledgers, with a mishmash of financial data scattered hither and yon, so that it's much more difficult to bring it all together and get an accurate picture of the financial status of your business, or the actual costs on a particular project. Construction accounting software can streamline all of this for you and put it all in one place, so that you can get "at a glance" representations of your business in broad view, or broken down into various sectors of analysis (such as by project) so that you can get an up close look at various aspects of your business whenever you wish. You'll have an accurate view of income and outflow in one easy to understand place, so that you'll never be lost in a pile of disjointed data again.

It helps you manage employee costs, too. With construction accounting software, you can also manage payroll and other financial aspects of your business "at a glance." This will mean that you are much more efficient and you spend much less time managing the financial assets of your business and the can spend more time working and getting the job done.

White Goose Down Comforter

Why You Need Construction Accounting Software to Make Your Business Successful

If you've got a construction business, among the most important things you need to keep track of are its financial aspects. While it might seem cost effective, for example, to use old-fashioned accounting methods instead of state-of-the-art construction accounting software to keep track of costs, it's actually detrimental to your business' effectiveness to use old-fashioned methods. To make your business most efficient, you need construction accounting software specifically meant to serve your needs.

Why is having good construction accounting software so important?

If you don't have good construction accounting software, it's as though you're trying to perform tasks for a particular project without the proper tools. If you have improper tools, this means you're not going to get things done as efficiently or effectively, and it's going to take longer to complete jobs as well. The results you produce may not be as good, either. This is going to make things more expensive in the long run, even though you may think you are "cutting costs" by not buying the proper tools.

The same is true with construction accounting software. Construction accounting software lets you keep track of everything in your business at a glance, much more efficiently and effectively than old-fashioned methods. This means that although you may put some money into construction accounting software upfront, you'll recoup it very quickly, as you manage your business much more effectively.

What accounting construction software can do for you

The proper accounting instruction software can centralize your data so that you can keep track of everything "at a glance;" you'll be able to estimate costs effectively and therefore provide estimates or bids to customers that are accurate, as well. If you have everything worked out piecemeal with old-fashioned methods, it can be difficult to come up with an accurate final figure when it comes to estimating project costs, including materials, labor, and so on.

This can put you at a disadvantage in more ways than one. Because it's so much more difficult to both manage project costs and business finances at the same time, you may be at a disadvantage when it comes to your competition; if your competition is using state-of-the-art accounting instruction software, they'll be able to get much more accurate cost projections for projects, and will be able to set profit margins for their businesses based upon much more accurate information. You may find yourself working hard but not able to keep your head above water, simply because you find a profit margins "disappearing."

More than that, though, proper construction accounting software can estimate job completion times accurately as well based upon labor provided, costs and materials needed, and so on; this can keep clients happy, and you can keep cost or time overruns in check too.

Finally, the proper construction accounting software can keep track of payroll and other financial aspects of your business effectively. When you know the costs your business produces, you can set project prices properly as well, so that you have adequate profit margins. This can help you manage your business effectively and charge fair prices so that you have enough profit to keep your business afloat, without overcharging so that you're underbid by the competition.

Monday, February 1, 2010

The Benefits of Construction Estimating Software

You may pride yourself on the efficiency with which you run your construction business, but if you don't use construction-estimating software, you're not being as efficient as you could be.

Today, if you're in construction, you have to compete with your peers in the industry, and you have to be the best at what you do, able to come in with the lowest estimate on a particular job while still making a profit. There are a number of reasons construction estimating software can help you do that, not the least of which is simply that the estimation process itself is streamlined.

Construction estimating software helps you streamline your business so that you can be more effective in every way; here are just some of the areas that can benefit when you use construction-estimating software.


This is probably the biggest and most visible change when it comes to using construction-estimating software. Construction estimating software can streamline every part of a particular project and simply make it more efficient, saving you both time and money.

Precision and accuracy

Because you need to be able to track your costs from start to finish, including subcontractor expenses, equipment costs, material and labor costs, and so on, you can do so much more efficiently with construction estimating software than you can "by hand." When you set up your initial estimate, you'll be estimating what the true cost of the project will be with everything accounted for, including materials that have been stored and install for particular projects. Because you can get a much more accurate price for particular project upfront, you can set your price effectively as well, so that you are sure to have an adequate profit margin and yet still be able to give a fair and reasonable price.

You can be consistent

You're going to be able to be much more consistent with estimates if you use construction estimating software, because you can use the same cost the procedures for every estimated repair, every time. Because you can also use your jobs history to compare estimates for current and future projects as well, you'll be able to adjust costs based upon what previous jobs have cost you so that subsequent estimates can be more accurate. Overruns, too, won't be a problem.

Procuring labor and materials

It's a lot easier to arrange the labor and materials you need to complete a job, because you can establish those parameters with your construction estimating software beforehand. The construction estimating software will also help you track jobs' progress and schedule subcontractors needed on the job, too.

Project management

You can manage projects much better with construction estimating software both in project installations and to requisition stock. You can track job costs, prepare schedules, and manage correspondence and purchasing needs with this software, too.

Greater professional demeanor

Simply put, when your business is organized, you're much more efficient and therefore much more effective and professional. Construction estimating software can help you do these things, which will also make you appear more professional to clients. Because you can run your business so much more easily, it makes you reliable and dependable overall.

When you use construction-estimating software to in effect "streamline" all aspects of your business into one central application, it makes it much easier to do everything -- from managing employees and subcontractors, to materials procurement, to bookkeeping. Because everything has been made so much more efficient, you spend less time managing your business and more time actually doing business.