The 7 Best Construction Job Costing Software Solutions for 2024

Looking for construction job costing software for your business? We’ve reviewed 7 of the best apps on the market to help you choose!

FAQs
What is the best construction job costing software?

The best construction job costing software should make tracking labor and material expenses easy for project managers. Workyard expedites job costing tasks by accurately capturing job costs with each time card submission. The app automatically calculates project-level and employee-level labor costs with every field update so you can monitor project costs at a glance. 

Workyard also enables you to create and customize reports by:

  • Employee
  • Project type
  • Duration of project
  • Cost code
  • Date

Lastly, Workyard automatically feeds employees’ worked hours into your invoicing system to speed up accounting processes.

 

Here are other construction job costing software:

  1. ClockShark – A job costing tracking app built for construction and field service businesses. It allows real-time tracking of labor costs and expenses.
  2. eSUB – A mobile and cloud-based project management solution that helps subcontractors manage day-to-day operations and connect field workers with office managers.
  3. Procore – A comprehensive construction management platform that offers job costing features to track costs and maintain profitability.

When choosing the best job costing software, consider factors such as the size and complexity of your projects, your team’s requirements, budget, and the software’s features like digital time capture, expense tracking, reporting, and integration with payroll and accounting systems. Adopting the right job costing software can improve efficiency, profitability, and overall project management in the construction industry by providing accurate data, better resource allocation, and enhanced communication.

Why is it important for construction companies to use job costing software?

Construction job costing software helps construction companies increase profitability by reducing errors, tracking all labor and material costs, and improving future estimates. The best job costing software minimizes error by digitally capturing worked hours and automatically calculating labor costs without manual processing of time cards and timesheets. 

The best solutions also track and visualize project costs in real time, providing an overview of expenses as jobs progress. Lastly, the best job costing software helps contractors estimate future projects more accurately by providing past projects’ estimates and actual costs. 

Here are more reasons why it is important for construction companies to use job costing software:

  • Accurate tracking of expenses: Job costing software allows construction companies to track all expenses related to a project, including labor, materials, equipment, and overhead costs. This provides a detailed and accurate view of the actual costs incurred.
  • Budget management: Job costing software enables construction companies to set budgets for each project and track expenses against those budgets in real-time. This helps identify any cost overruns early on so corrective action can be taken.
  • Improved profitability: By accurately tracking and managing costs, job costing software helps construction companies identify areas where they can reduce expenses and improve the profitability of each project.
  • Better pricing and bidding: Historical job costing data allows construction companies to price future jobs more accurately and submit more competitive bids.
  • Enhanced project management: Job costing software integrates with other construction management tools to provide a comprehensive view of project progress, enabling better decision-making.
  • Streamlined accounting and reporting: Job costing software automates many accounting tasks and generates detailed reports, saving time and improving financial visibility.

In summary, job costing software is essential for construction companies to control costs, improve profitability, and make data-driven decisions that drive the success of their projects.

What are some essential features of the best construction job costing software?

Key features of the best construction job costing software include:

  • Accurate cost capture – The software should capture all costs associated with a job including hours worked, materials used, subcontractor expenses, travel costs, and others. 
  • Automatic calculations – The platform should automatically calculate costs as time cards come in to expedite accounting processes.
  • Job costs visualization and overview – Ideally, the platform should visualize labor costs both in summary form and detailed breakdown to help project managers assess profitability at a glance.  
  • Integration with accounting – The best construction job costing software should seamlessly integrate with accounting systems to eliminate double entry and manual synchronization of data. 
  • Customizable reporting – The platform should allow flexibility and customization in reporting to provide the right information at the right moment. For example, if a project manager requires job costs by employee or project type, the ideal platform should be able to generate the right customized report in minutes. 
What construction job costing software will connect to my accounting system (QuickBooks, etc.)?

Workyard connects seamlessly with leading payroll and accounting systems including QuickBooks Desktop and Online, Sage (100 Contractor, 300 CRE, and 50), ADP Run and Workforce Now, Foundation, Gusto, and others.

 

Here are more construction job costing software options that integrate well with accounting systems like QuickBooks:

  1. eSUB – A cloud-based project management solution for subcontractors that connects the field with the office. It integrates with QuickBooks to help track labor, materials, and other job costs.
  2. Knowify – Offers a best-in-class integration with QuickBooks Online, allowing construction companies to balance operational and financial data. It provides comprehensive job costing capabilities.
  3. Contractor Foreman – An all-in-one construction project management tool that integrates with QuickBooks to simplify accounting functions like expense tracking and invoicing. However, the integration setup can be complex.
  4. Buildertrend – Provides real-time cost analysis and forecasting by automatically capturing project costs from integrated systems like QuickBooks, though reporting capabilities may be limited.

The best construction job costing software for you will depend on your specific needs, budget, and the features required to integrate with your existing accounting system. Evaluating options like those above can help you find the right fit.

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