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Construction Accounting Software

Accounting Software

Goldenseal is full-featured construction accounting software for Macintosh and Windows computers. It helps you to manage all aspects of your construction business.

Goldenseal is very good at cost accounting- keeping track of construction project expenses and general overhead costs.

Goldenseal is an integrated accounting system. You only need to enter transactions once-- Goldenseal then uses them for many different things. For example, when you enter a materials purchase, it automatically posts to accounts payable, job costs and time and materials billing. It also increases your inventory, and updates your estimating unit costs and assemblies.

The Goldenseal accounting package costs $695 single-user, $895 for two users, and $1595 for up to 10 users. For more about it, click here.

Basic Accounting Software

Goldenseal handles all your construction accounting needs-- it keeps your books, balances your checkbook, prints checks, and handles accounts payable, accounts receivable and payroll.

Goldenseal uses "real world" accounts and business transactions, so it is easy to learn, and easy to use.

Cost Accounting Software

Goldenseal is construction job costing software that gives you fast and accurate job costs for each project and for overhead expenses.

Goldenseal was written from the ground up to handle job costs-- it is one of the best accounting programs for job costing details like payroll burden, overhead, time billing rates and multiple cost category systems.

The Goldenseal job cost software lets you assign costs to each project and overhead account, to cost categories and subcategories, and also to different locations within a project. You can track direct expenses, overhead, and expenses for equipment maintenance, investments and real estate.

The Goldenseal job costing program compares estimated costs against actual expenses, so you get instant feedback on the accuracy of your construction estimates. To see a quick "snapshot" of current job costs, choose Job Costs from the Costs menu. You can double-click on any construction project to see a detailed breakdown of costs.

For more about job costs, click here.

Expense Tracking Software

The Goldenseal construction accounting software makes it easy to keep track of expenses. It is designed specifically for tracking six types of expenses for construction work:

  • Equipment hours
  • Labor hours
  • Inventory used
  • Material purchases
  • Subcontractor costs
  • Other costs

You can allocate each expense to a project or overhead account, and also assign it to a cost category, subcategory and location.

Goldenseal also tracks expenses separately for allowances, bids, change orders, purchase orders and work orders. It will warn you if you are overpaying for those items.

Accounts Payable Software (Paying Bills)

After you've entered expenses, choose Pay Bills from the Bank menu. It shows you a "quick report" of your accounts payable, and the amount that you owe to each supplier. 

Put a check mark next to each vendor you want to pay now, and click the Create Checks button- Goldenseal will automatically enter payments and print checks for them.

The Goldenseal business program also shows you a report of payables aging, and tracks the amount that you owe for sales tax and payroll taxes.

For more about the Pay Bills command, click here.

Accounts Receivable Software (Customer Billing)

The Goldenseal accounts receivable software writes customer invoices for your construction work. You can bill for draw schedules, progress payments, time-and-materials work, allowances and change orders. The Goldenseal project billing software automatically deducts "holdback" or "retainage" amounts if they are in the payment terms.

Goldenseal prints billing statements and tracks payment status for each bill.

For more about the billing commands, click here.

Check Writing Software

Goldenseal is check writing software which prints checks whenever you need them. Goldenseal keeps track of any number of bank accounts, and lets you use multiple checkbooks within any account.

When you make a purchase and pay for it immediately, Goldenseal automatically creates an "instant purchase" bank check or bank payment when you enter the expense.

You can create most other payments automatically with the Pay Bills and Write Payroll commands, and make your deposits automatically with the Deposit Funds command.

Goldenseal reconciles your accounts against bank statements, and gives you reports for cash flow and income tax expenses.

For more about checkbooks, click here.

Payroll Software

Goldenseal is construction payroll software that automatically creates wage payments from your labor hours records. It deducts all state and federal withholding and employer taxes, and computes benefits and vacation time. It prints paychecks with withholding info on the stub.

Goldenseal handles the many complications of US and Canadian payroll for construction companies, including multiple wage rates, work in different states, union dues, and worker's comp rates that are based on the type of work done by the employee.

For more about payroll, click here.

Inventory Management Software

If you keep construction materials in inventory, Goldenseal will keep track of them. When you use materials on a job site, choose Inventory Used from the Costs menu, and enter the job and material items. Goldenseal will automatically reduce the inventory count, job cost the materials against that project, and include them in time and materials billing.

Financial Reports

The Goldenseal small business accounting software includes a wide range of financial reports for a construction business, including balance sheet, income statement, expense reports, estimates and job costs.

Goldenseal includes a Custom Layouts command that lets you customize the contents and appearance of any report. It's a simple drawing environment where you can add fields, change the graphics, and set the way fields operate.

You can also create custom reports if there isn't one that exactly meets your needs.