What is the Best Accounting Software for Construction?

Managing finances in a construction business can be just as demanding as the jobs themselves. Getting the cashflow and expenses right is the lifeblood of your business, so it's important to invest in the best accounting software to keep you on track. But with so many options, which one is best for your business? 

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1. What to look for in construction accounting software
2. Best accounting software for construction businesses
   • Xero
   • QuickBooks
   • MYOB
   • Sage
3. How Tradify works with construction accounting software

1. What to look for in construction accounting software

Not all accounting software is built for construction. To keep your business running smoothly, look for tools that offer:

• Job costing – Track project expenses, labour, and materials in real time.
• Progress invoicing – The ability to bill clients in stages helps to maintain cash flow throughout longer jobs.
• Payroll & compliance – A good accounting software should assist with organising wages, superannuation, and tax obligations.
• Integration with job management software – Sync with tools like Tradify to streamline quoting, invoicing, and reporting.
• Cloud access – Manage finances from the office, site, or on the go.

2. Best accounting software for construction businesses

Choosing the right accounting software can help construction businesses manage job costs, invoicing, payroll, and tax compliance more efficiently. Here are some of the best options:

Xero – Best for small to medium construction businesses

• Cloud-based software with automatic bank reconciliation and financial reporting.
• Offers payroll, tax reporting, and multi-user access for teams.
• Real-time financial tracking: Monitors your cash flow in real-time
• Easy integration: You can sync your invoices and payments between Xero and Tradify, automatically.

QuickBooks – Best for general contractors

• Provides job costing, progress invoicing, and expense tracking.
• Syncs with Tradify to streamline quoting and invoicing.
• Features automated tax calculations and real-time financial insights.
• Supports contractor payroll and mobile access for job-site management.
• Bank syncing: Automatic syncing with bank accounts and financial services for real-time financial updates.

MYOB – Best for Australian & New Zealand businesses

• ATO-compliant payroll, BAS reporting, and GST tracking.
• Integrates with Tradify for job scheduling, invoicing, and reporting.
• Helps construction businesses manage project expenses and generate detailed financial reports.
• Supports supplier invoice processing and automated bank feeds.

Sage – Best for UK construction companies

• Ofers powerful tools like inventory management, project costing, and compliance features tailored to local regulations.
  • For example, UK electricians working under the Construction Industry Scheme (CIS) can use Sage to automatically calculate and deduct the right tax percentages from subcontractor payments, ensuring everything is in order when it’s time to file.
• Helps construction businesses manage multiple projects and large teams.
• Includes industry-specific reporting tools for tracking profitability.
• Supports custom financial workflows for complex business structures.

3. How Tradify works with construction accounting software

Accounting software helps manage your finances, but it doesn’t cover everything needed to run a construction business. That’s where Tradify comes in. By integrating with Xero, QuickBooks, Sage and MYOB, Tradify connects job management with accounting to keep everything in sync.

 Integrated accounting software simplifies your admin by:

• Providing valuable insights into your financial management.
• Ensuring you're well-prepared for tax season.
• Minimising the time spent entering the same data across different tools and spreadsheets.

Accounting software streamlines your business’ books. For your day-to-day job management, there’s Tradify. Tradify can manage everything from: 

• • Enquiries
  • Quoting
  • Invoicing
  • Scheduling
  • Job tracking
  • Subcontractor management
  • Payments

Ready to build a better construction business?

Accounting software alone isn’t enough. To fully manage your business, you need a system that connects job management with financial tracking. 

Join thousands of construction professionals using Tradify to run a more profitable, stress-free business. Start a free trial today or pop into a free demo!