FOUNDATION is cloud-based construction accounting software designed to help you create detailed budgets, manage and track project documents, automate payroll workflows, and more. Its features include job costing, accounts payable (A/P) and accounts receivable (A/R) reporting, and a general ledger. FOUNDATION is best for construction companies with 15 to 250 employees and $3 to $250 million in revenue each year.
FOUNDATION Pros and Cons
Extremely user-friendly interface
Inability to create quotes and estimates
Smoothly integrates with its payroll module
Training fee is reportedly expensive
Responsive training and support team
Reporting is cumbersome
Who FOUNDATION Is Best For
- Construction companies with 15 to 250 employees and $3 to $250 million in revenue each year: FOUNDATION works best for construction companies that are engaged in industrial, commercial, and government work. Its typical users are firms that have 15 to 250 employees in the field and generate $3 to $50 million in revenue every year.
FOUNDATION does not publish its pricing details on its website, but you may contact the provider to request a customized quote based on your specific needs. Factors that affect pricing include the number of users and the desired modules.
FOUNDATION Alternatives 2020
Growing construction companies that need an integrated enterprise resource planning (ERP) software to manage their business
Contractors with one to four crews who want to track the profitability of each job
Service contractors with one to two crews looking for the least expensive cloud-based software that can still track job cost
Construction companies that want to add ERP features to their existing QuickBooks or Xero bookkeeping
Small contractors that want more affordable ERP software
In addition to industry-specific software, your business might be served well by general-purpose small business accounting software.
FOUNDATION has plenty of construction-specific capabilities that help users automate their accounting workflows, streamline their project management processes, and make online payroll easier. Here’s a quick list of its top features to help you decide whether to purchase FOUNDATION.
FOUNDATION’s executive dashboard provides you with a real-time overview of individual projects with interactive charts and graphs. It lets you access and track up-to-date job costs and other financial data easily, including change orders, over/under billing, cash flows, payables, and receivables.
This feature enables you to track the actual costs and status of job activities against previous output and estimates. You can build and modify job cost budgets easily from current projects and even break them down into standard Construction Specifications Institute (CSI) divisions or custom cost codes. Its built-in reporting system also allows you to review project cash flows, instantly generate job histories, receive automated alerts, and more.
Fixed Assets Tracking
Whether it is machinery or equipment or a building asset that you want to manage and track, FOUNDATION can help you simplify the job. It has the features you need to track purchase, market and insurance, and salvage values for your assets, calculate tax valuations, summarize fixed asset costs, view depreciation schedules, and more.
Its drag-and-drop Gantt charts allow you to instantly view and modify timelines, completion percentages, and nonworking days to maximize project resources and avoid delays. You may attach crews and materials to tasks, track change orders, submittals and transmittals, and more.
Which Accounting Software Provider Is Right for You?
Most Helpful FOUNDATION Reviews
Users who gave positive FOUNDATION reviews mentioned that it is easy to use and learn. Others like its seamless integration with its payroll module, while some commended its responsive customer support. Meanwhile, those who left negative reviews complained that its training fee is expensive and that its reporting process is a bit challenging and time-consuming.
Easy to use and consistency through its modules
One user who left a positive review of FOUNDATION on Capterra said that it is very easy to use and that they didn’t have a hard time training their employees regardless of their experience level. He added that the steps are consistent in the various modules.
One user who left a negative review of FOUNDATION on Capterra dislikes that it takes too many unnecessary clicks to generate reports, adding that changing every detail in his report is a very tedious process.
FOUNDATION Frequently Asked Questions (FAQs)
How long does it take to implement the FOUNDATION platform completely?
Implementation usually takes a couple of months, depending on several factors, such as the amount of data to migrate and the number of users involved.
Can its team import my data from my current system?
Its team can help you import data, such as employees, jobs, customers, and equipment items, from your old software.
Is FOUNDATION safe?
Yes, it is. FOUNDATION is hosted by Microsoft SQL to ensure the maximum security of your data. It also has built-in security measures, such as individual user access control, a separate payroll system security, an optional project manager, and a thorough audit trail.
Our Top Construction Accounting Software Providers
In case you still aren’t sure if FOUNDATION is right for you, then this article on the best construction accounting software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on cost, ease of use, customer reviews, and key features, such as project management, estimating, service management, and human resources (HR).