Construction Management

Robust financials are simple enough for smaller contractors yet scalable for more complex needs. Acumatica Financial Management has standard financial processes (GL/AP/AR) and reports. Multi-company, multicurrency, intercompany accounting, fixed assets, recurring and deferred revenue, and cash management are also available.

Manage AP workflows, from entering an invoice through approval routing and checks. Ensure seamless customer billing, driven by real-time project costing that includes up-to-date labor, material, equipment, and other costs. Code transactions to a single project, multiple projects, or a combination of both, all within a single document.

Manage and track all activities, issues, and changes from a single data entry point. Use the Project 360 Dashboard for an immediate overview of key project details. Use side panels to view key project data quickly and comprehensively without leaving the current window. Generate custom reports and dashboards for data visibility and analysis.

Improve productivity with a centralized and intuitive construction documents management system. Upload, tag, annotate, and organize RFIs, submittals, contracts, and photos for optimal organization and control.

Generate detailed cost projections, analyze project margins, and review over- or under-billing for specific dates. Automatically adjust budget levels based on project settings, with customizable projection details. Leverage WIP reporting automation to evaluate project performance and ensure accurate revenue recognition.

Flexible payroll solution supports multiple unions, locals, classes, benefits packages, complex wages, certified wages, executive compensation, and commission structures. Provide employees with compensation transparency through year-to-date earnings statements. Calculate deductions beyond the traditional two-decimal limit and simplify tax reporting with multi-entity EINs.

Optimize cash flow with committed cost reporting. Track real-time and historical costs, compare expenses to budgets, and analyze vendor-specific commitments. Manage subcontract status, purchase orders, budget comparisons, and payments with ease. Streamline material management by tracking quantities, costs, and processing returns. Create purchase orders for direct job site deliveries and efficiently transfer leftover inventory to free stock with automated transactions.

Flexible progress billing based on percentage of completion or quantity reduces project owner risk. Use automated, flexible selection criteria to generate accurate cost details and supporting documentation. Easily link cost transactions to progress billing lines to ensure substantiated billing. Include T&M lines of pro forma invoices in AIA reports and progress billing lines to shorten days in AR and boost billing volume.

Effectively manage lien waivers and releases, insurance certificates, and status updates, providing expirations and other alerts to staff and suppliers. Automatically create compliance documents.

Easily view real-time data on all customer activities, including quotes, orders, invoices, payments, support cases, and service calls. Manage the entire lifecycle from estimate to lead to quote to awarded project. Provide customers with access to their accounts through the online portal.

Manage and approve project changes and pro forma invoices from anywhere to prevent delays. Grant field teams, subcontractors, and vendors access to project details. Ensure everyone has the same real-time updates for better planning and faster billing cycles.

Capture time for staff and resources with integrated clock-in and clock-out timers. Set up approval workflows to notify managers of new time activities, ensuring accurate labor costs and precise billing.

Control cost overruns by automating project commitments and change order processes. Manage back charges or reduction in vendor commitments through the entry of a negative change order. Drop-ship workflows connected to change orders for improved business workflows. Streamline change orders for multiple construction projects with unit rate changes, custom retainage, and cost-only change requests.

Boost operational efficiency with standard reports that include time-sensitive filters for cash flow, profitability, committed and forecasted costs, and overall project status.