{"id":2480,"date":"2021-08-11T11:00:00","date_gmt":"2021-08-11T10:00:00","guid":{"rendered":"https:\/\/kirkwoodwilson.co.uk\/?p=2480"},"modified":"2021-08-11T11:00:00","modified_gmt":"2021-08-11T10:00:00","slug":"what-is-the-best-accounting-software-for-construction-companies","status":"publish","type":"post","link":"https:\/\/kirkwoodwilson.co.uk\/what-is-the-best-accounting-software-for-construction-companies\/","title":{"rendered":"What is the best accounting software for construction companies?"},"content":{"rendered":"\n
Construction businesses face additional challenges compared to retailers, the service industry and even manufacturers. Not only is their environment and customer base very fluid with work dependent on other parts of the supply chain as well as material availability and even the weather, but they are often working on many projects at the same time, each of which need a proportion of both direct and overhead costs attributed to them. If you are wondering which is <\/em>the best accounting software for your construction<\/em> company, read on to find out why it\u2019s such an important question and how to go about answering it.<\/em><\/p>\n\n\n\n What are the challenges in <\/strong>accounting for construction<\/strong> companies?<\/strong><\/p>\n\n\n\n Wherever your business is positioned in the world of construction – at the design stage, the main build or specialist services – whether a small sub-contractor or one of the larger contractors, keeping control over your finances is vital. The key challenges facing businesses looking for accounting software<\/a> for use in construction companies are:<\/p>\n\n\n\n What to look for in accounting software for construction<\/strong><\/p>\n\n\n\n There are a few critical areas to consider when deciding on what the best accounting software is for construction. These include:<\/p>\n\n\n\n Accounting for construction companies<\/strong>: the solution<\/strong><\/p>\n\n\n\n There is more than one option when it comes to cloud accountancy software, and finding the right solution for your business can be daunting. Xero is a great software application developed specifically for the construction industry. Not only does it work seamlessly on both PCs and mobiles through an app, making your finances easy to track and update wherever you are, but it ensures that your data is secure and backed up at all times. Most importantly, however, Xero has features that have been developed specifically for construction businesses, including running CIS calculations as you go, with each transaction automated so that you can get on with managing your business. You can also verify your subcontractors with HMRC directly and run monthly reports on your CIS subcontractor payments and deduction statements. Tracking codes within Xero allow you to track and report on specific projects to review progress, check against a budget and ensure that profitability is on track. In our view, Xero is the best accounting software for construction businesses, designed specifically with you in mind.<\/p>\n\n\n\n If you would like to find out more about working with Xero as the choice for accounting within your construction company, take a look at our dedicated page<\/a>. If you\u2019d rather have a chat with us then get in touch with the team at Kirkwood Wilson Accountants; we are a Xero Gold Partner with experience in working with companies throughout the building trade and would love to see if we can help you find the right solution for your business. Call us on 01704 546 000 or email enquiries@kirkwoodwilson.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":" Construction businesses face additional challenges compared to retailers, the service industry and even manufacturers. Not only is their…<\/p>\n","protected":false},"author":2,"featured_media":2481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"acf":[],"yoast_head":"\n