Foundation Software
UnclaimedComprehensive construction accounting software built for contractors to manage jobs, payroll, and financials.
Visit WebsiteReviews onG2CapterraSourceForge
422 reviews trackedThe Bottom Line
Entry price
Paid plans only
Biggest pro
Specifically designed for the construction industry with 40 years of expertise.
Biggest con
No free tier or trial mentioned, indicating a potentially significant investment.
TL;DR - Foundation Software
- Integrated construction accounting for job costing, payroll, and financials.
- Real-time project expense tracking and automated alerts to prevent overruns.
- Specialized features for construction payroll, compliance, and CPA collaboration.
Pricing: Paid only
Best for: Enterprises & pros
4.1/5 across review platforms
What is Foundation Software?
FOUNDATION is a specialized construction accounting software designed to integrate all critical financial and operational aspects for contractors. It centralizes job costing, payroll, invoicing, vendor payments, and financial reporting into a single system, providing real-time visibility into project expenses and overall financial health. The software is tailored to meet the unique demands of the construction industry, offering features like detailed budget tracking, change order management, and compliance with prevailing wage laws.
This platform is ideal for construction companies seeking to streamline their accounting processes, improve job profitability, and ensure regulatory compliance. It helps contractors prevent budget overruns, manage complex payroll scenarios, and gain deep insights into project performance. With modules for job costing, general ledger, accounts payable/receivable, and even mobile time tracking, FOUNDATION provides a robust solution for managing construction finances from the field to the office.
Available on: Web
Pros & Cons
Pros
- Specifically designed for the construction industry with 40 years of expertise.
- Comprehensive suite of integrated modules covering all aspects of construction accounting.
- Strong focus on compliance for payroll and financial reporting.
- Real-time data and alerts help prevent cost overruns and improve profitability.
- Dedicated customer support team with construction industry knowledge.
Cons
- No free tier or trial mentioned, indicating a potentially significant investment.
- The extensive feature set might have a steeper learning curve for new users.
- Specific pricing details are not publicly available, requiring direct inquiry.
Ratings Across the Web
4.1(422 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
Real-time job costing and expense trackingAutomated budget overrun alertsComplex construction payroll processing (multiple jobs, localities, rates, trades)Prevailing wage and union regulation complianceCPA Audit/Review Module with remote accessPatented facial recognition time tracking with GPS stampsDetailed Work-in-Progress (WIP) reportsAutomated over/under billing identification
Pricing Plans
Custom
Contact us
- Job Costing
- Payroll
- Purchase Orders and Subcontracts
- Accounts Receivable
Reviews
4.1/5
Across 422 verified user reviews on Capterra, SourceForge, G2
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Foundation Software FAQ
How does FOUNDATION handle the complexities of construction payroll, such as prevailing wage and union regulations?
FOUNDATION's payroll processing module is specifically built for construction, allowing calculation of multiple jobs, localities, rates, and trades on a single timecard. It includes features to ensure compliance with prevailing wage laws, union regulations, and certified payroll requirements, and provides dozens of free reports like certified payroll and EEO.
Can FOUNDATION's Job Costing Module integrate with existing construction estimating software or project management platforms?
The Job Costing Module allows users to import budgets from spreadsheets or their favorite construction estimating software. While it has its own Project Management Module, FOUNDATION also offers integrations with various construction applications, and users can browse available integrations to see if their specific project management platform is supported.
What unique features does the time tracking solution offer for field employees, and how does it ensure accuracy?
The time tracking solution includes patented facial recognition with real-time discrepancy alerts and GPS location stamps on employee clock-ins and clock-outs. It also tracks certified break times and verified overtime compensation, ensuring accurate labor tracking from the field to the office.
How does FOUNDATION assist CPAs working with contractors who use the software?
FOUNDATION provides a dedicated CPA Audit/Review Module that allows CPAs to remotely access reports and financial data. It also offers webinars and CPA conferences for CPE credit and helps construction clients find CPAs through a free CPA Directory, fostering collaboration and simplifying financial reviews.
Beyond standard financial reporting, what specialized reports does FOUNDATION offer for construction project analysis?
Beyond standard financial statements, FOUNDATION generates detailed Work-in-Progress (WIP) reports, identifies over/under billing with automated reports, and provides instant job histories, production reports, and estimated vs. actual reports. The DataGenie™ Report Designer also allows for custom report creation, including flexible job cost reporting.
How does FOUNDATION help prevent cost overruns in construction projects?
FOUNDATION helps prevent cost overruns through real-time job costing, which tracks every dollar, hour, and quantity for each job. It provides automated alerts when expenses approach budget thresholds, allowing project managers to take corrective action before overruns occur. The change order management feature also helps update budgets instantly upon approval of changes, maintaining accurate financial visibility.
Source: foundationsoft.com