QuickBooks for Construction Reviews & Pricing

by Intuit | Founded 1983, Mountain View, CA

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Overview Pricing Benefits Reviews Features

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What is QuickBooks for Construction?

Industry Specialties: Serves construction industries

QuickBooks for Construction by Intuit is a cloud-based accounting tool for small businesses and first-time contractors. It lets users handle and streamline their finances with the online or licensed versions while giving access to employee, vendor and customer information. Single user contractors can track and import transactions, accept and invoice payment and generate basic reports like cash flows and P&Ls.

Users can manage job costs, track expenses and time for every project and generate job cost reports. It automates accounting tasks and syncs data, reducing paperwork. It lets users manage contractors and subcontractors, organize expenses and income in categories and export and share documents for tax evaluations.

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QuickBooks for Construction Pricing

Based on our most recent analysis, QuickBooks for Construction pricing starts at $30 (Monthly).

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Starting From: $30
Pricing Model: Monthly
Free Trial: Yes, Request for Free

Training Resources

QuickBooks for Construction is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for QuickBooks for Construction:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

QuickBooks for Construction Benefits and Insights

Why use QuickBooks for Construction?

Key differentiators & advantages of QuickBooks for Construction

Send Documents: Share estimates and invoices with photos, contracts and plans attached. Lets customers sign documents from their phones.
Accept Payments Easily: Supports payments with debit and credit cards. Supports free bank transfers and lets users dip and swipe cards on its site using QuickBooks’ mobile card reader.
Receive Notifications: Notifies users when invoices are viewed. Sends payment reminders to customers who are yet to pay and keeps users informed when an invoice is paid.
Create Invoices in Batches: Import and send invoices in just a few clicks. Create invoices in batches to avoid spending time on repetitive tasks.
Get Insights: Reports and dashboards keep users informed of projects and their statuses. Identify which projects require attention and are profitable.
Track Costs: Track expenses per project, sync with payroll and calculate cost rates per employee per project.
Stay Organized: Capture and save receipt photos to keep track of critical documents. Connects to bank and downloads and categorizes project spending.
Improved Financial Accuracy: QuickBooks for Construction ensures precise tracking of expenses and revenues, reducing the risk of costly errors.
Enhanced Job Costing: Provides detailed job costing reports, allowing you to see exactly where your money is going on each project.
Streamlined Payroll Management: Simplifies payroll processing by automatically calculating wages, taxes, and benefits for your construction crew.
Efficient Invoicing: Enables quick and professional invoicing, ensuring you get paid faster and maintain healthy cash flow.
Comprehensive Reporting: Offers a variety of customizable reports that provide insights into your business performance and project profitability.
Seamless Integration: Integrates with other essential tools and software, such as project management and time tracking systems, for a unified workflow.
Regulatory Compliance: Helps you stay compliant with industry regulations by keeping accurate records and generating necessary financial documents.
Time Savings: Automates repetitive tasks like data entry and report generation, freeing up time for more strategic activities.
Scalability: Adapts to the growing needs of your construction business, whether you're managing a few projects or dozens.
Enhanced Collaboration: Facilitates better communication and collaboration among team members by providing a centralized platform for financial data.
Real-Time Financial Insights: Offers real-time access to financial data, enabling you to make informed decisions quickly.
Cost Control: Helps you monitor and control costs effectively, preventing budget overruns and maximizing profitability.
Client Management: Keeps track of client information and project details, improving client relations and service delivery.
Inventory Management: Manages inventory levels and tracks materials, ensuring you have the right supplies when needed without overstocking.
Customizable Templates: Provides customizable templates for estimates, invoices, and reports, allowing you to maintain a professional appearance.

Industry Expertise

QuickBooks is a leading accounting software solution, and its construction offerings help professionals handle construction-specific tasks like invoicing, job costing, reporting and industry surveys.

Synopsis of User Ratings and Reviews

Based on an aggregate of QuickBooks for Construction reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Easy to Learn: QuickBooks for Construction is designed with the user in mind, making it simple to learn, even for those without a background in accounting.
Feature Rich: It includes all the tools you need to manage your business finances, from generating profit and loss statements to processing bills and monitoring your financial status.
Flexible Deployment: It is available in both desktop and online versions, allowing you to choose the option that best suits your business requirements.

Cons

Limited Indirect Cost Allocation: QuickBooks for Construction doesn't automatically allocate indirect costs, requiring manual workarounds for accurate job costing.
User Limits: Some versions restrict the number of users, potentially hindering collaboration in growing teams.
Scalability Concerns: The software may lack advanced features needed for complex, large-scale construction projects, potentially limiting its suitability as a business expands.

Researcher's Summary:

Is QuickBooks for Construction truly a quick solution for contractors seeking top-notch accounting software, or does it fall short? User reviews from the past year reveal a mixed bag. While QuickBooks garners praise for its user-friendly interface and seamless integration with other construction management platforms like Buildertrend and Corecon, some users, particularly those in larger companies, find its feature set somewhat limited compared to more specialized construction accounting software. For instance, QuickBooks may lack the robust inventory management capabilities required by companies dealing with a large volume of materials.

A significant differentiating factor is QuickBooks' cloud-based nature, allowing access from any location with an internet connection. This accessibility is highly valued by contractors constantly on the move. However, this reliance on the cloud can be a double-edged sword, as some users express concerns about data security and potential disruptions in internet service.

Overall, QuickBooks for Construction emerges as a solid choice for small to mid-sized contractors who prioritize ease of use, integration capabilities, and the convenience of cloud accessibility. Its strength lies in simplifying accounting processes for those without extensive accounting expertise. However, larger construction firms or those requiring specialized features like advanced inventory management might find QuickBooks for Construction doesn't quite meet their needs, leading them to explore alternative solutions with more comprehensive toolsets.

Key Features

Job Costing: Track expenses and income for individual projects, allowing for precise cost management and profitability analysis.
Progress Invoicing: Bill clients incrementally based on project milestones or percentage completion, ensuring steady cash flow.
Change Order Management: Easily create and manage change orders to keep project scopes and budgets up-to-date.
Time Tracking: Record employee and subcontractor hours directly within the software, facilitating accurate payroll and job costing.
Customizable Reports: Generate detailed financial and project reports tailored to the specific needs of construction businesses.
Subcontractor Management: Track subcontractor expenses and payments, ensuring compliance with contracts and budgets.
Integration with Construction Apps: Seamlessly connect with popular construction management tools like Buildertrend and Procore for enhanced functionality.
Budgeting and Forecasting: Create and manage project budgets, and forecast future financial performance based on historical data.
Document Management: Store and organize important project documents, such as contracts and blueprints, within the software.
Mobile Access: Access key features and data from mobile devices, enabling on-the-go project management and decision-making.
Vendor Management: Track vendor transactions and manage payments, ensuring timely and accurate financial records.
Payroll Integration: Integrate with payroll services to streamline employee payments and tax filings.
Client Management: Maintain detailed records of client interactions and project histories, enhancing customer relationship management.
Tax Preparation: Simplify tax preparation with tools designed to manage construction-specific tax requirements and deductions.
Multi-User Access: Allow multiple team members to access and collaborate within the software, with customizable user permissions.