CTSGuides.com provides comprehensive reviews and ratings for many of the most popular construction software packages.

Excerpt from Budgetrac Review

Budgetrac is a completely integrated accounting and cost control system specifically designed for the real estate developer. The company, founded in 1982, is based in Bellevue, Washington, and continues to be a profitable privately held company.

Budgetrac was developed specifically for project-oriented accounting, with the project perspective and financial entity perspective receiving equal weighting. All accounting functions are "project-aware"-that is, each function can supply the necessary project information to complement the general ledger information. Budgetrac understands that maintaining coordinated project and ledger perspectives is the key to fully implementing real estate developer solutions. The project perspective provides visibility and control, whereas the accounting perspective assures compliance with necessary reporting standards and lending requirements.

The main difference between Budgetrac and other job cost and construction software packages is the degree to which the real estate developer perspective permeates the software design. The developer needs to manage a project from the top down. Since most developers hire general contractors and subs to implement projects, "from the top down" control of a project is more important than just collecting "bottom up" details. Nearly all other job costing software emphasizes the contractor perspective, where the detail level drives the reporting. Budgetrac's success in the developer market comes from its ability to go beyond the details to show the top level project status, while providing access to detail as needed.

<Go to Construction Management Software>