Construction

Cloud bookkeeping solutions for the construction industry

The modern-day construction industry is a rather challenging and highly competitive business environment. It isn’t uncommon for construction companies to fail to come up with accurate project cost estimates and be unable to track the expenses for desired profitability.

Manage project costs and track expenses with gotomyerp to ensure your construction business is profitable and hassle-free

According to a survey of construction businesses, it is incredibly common for companies in this industry to earn less than expected as a result of inaccurate estimates and poor tracking of project costs. And even in today’s digitization-focused economy, construction firms still choose to track project expenses without software and rely on their best guesses when forecasting labor costs.

Benefits of cloud-based bookkeeping with gotomyerp.

The adoption of cloud-based accounting and finance software allows construction businesses to significantly improve their bookkeeping processes, resolving some of the most challenging business issues.

Quick project estimations and real-time costs control

Using cloud-based ERP solutions makes it easier for construction businesses to come up with cost estimations and control expenses at any project stage. Expenses can be entered into the system immediately upon occurrence, which allows management to adjust budgets and monitor profitability in real time.

On-site creation of bills, invoices and contracts

Many modern cloud bookkeeping solutions, such as QuickBooks available on gotomyerp platform, allow users to issue and send to clients invoices, estimates and other documents directly in the app. With remote access to a cloud app on mobile devices, multiple construction company employees are able to create and send invoices on-site, saving time and improving accuracy of the bookkeeping. 

Secure mobile payments 

Advanced cloud accounting software also supports mobile payments, allowing construction businesses to get their invoices instantly paid with a credit or debit card. Using a mobile card reader integrated into the bookkeeping system to accept payments both improves efficiency and provides extra protection for your financial information. 

 Automatic reporting and open integration with third-party solutions

Based on the data added in real time, cloud-based ERP tools are able to generate automatic reports, helping construction companies to monitor business performance and analyze profit margins. Cloud accounting software can be easily connected to other authorized systems, such as banks or taxation apps, for automated data exchange and tracking of documents.

gotomyerp’s platform is a strong business foundation.

  • Advanced data security capabilities 
  • Automated data backups with copying to secondary data centers for extra safety 
  • Quick access recovery and data restoration 
  • High-performance dedicated servers with optimal settings
  • Timely infrastructure updates and software upgrades 
  • Personalized approach to each client’s needs 
  • A flexible payment model that can be customized for the client’s individual needs 
  • Expert consulting and cloud ERP implementation services