Homebuilders: Is Your Accounting Software Up to Par?

Successfully managing job operations in the homebuilding industry requires a host of dependable, experienced personnel performing their tasks with diligence. Everyone involved in the homebuilding process, from your project managers, to your sales and marketing team rely on up to date information. And although with continued advancements in technology it’s easier than ever for your team to stay connected, outdated homebuilding accounting software can hinder your professional progress, costing you time and money.

Understanding the need for an upgrade is great, but as a homebuilder, it may be difficult to determine if your current system isn’t operating at the level you need it to.

If you want to be sure that your accounting software stacks up, ask yourself these questions:

  • Can it compare standard costs estimates with the actual costs accrued on the job-site
  • Can it offer real time information from site superintendents on current labor costs and the subsequent worker’s compensation codes for certain activities?
  • Can it organize sub-contractor data, work agreements, and certifications according to specific jobs?
  • Is it able to direct accurate billing information to the proper personnel for efficient approval?

If you answered no to any of these questions or are unsure of your software’s capability, it may be time to do some research and look at something new.

The answers to these questions will ascertain how much time and money your company can save by using an efficient homebuilding accounting software and will determine the level of advantage you can gain over your competitors in attracting, signing, and constructing new contracts.

 

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