Construction Software Reviews and Functions

The General ledger module is the financial reporting backbone of the construction software package and prepares and prints the balance sheet, income statement and cash flow reports according to GAAP (generally accepted accounting principles). Data is fed to the General Ledger from the sub ledgers to keep track of all expenses, accounts receivable, accounts payable and various assets. It maintains all key financial information including budgets information and transaction history. One may think of the General Ledger as company wide financial reporting vs. the job cost ledger which is project specific. The total of all the job cost ledger postings should balance to all the costs in the general ledger to maintain accounting integrity.

Thus, it is important that the general ledger has accessible and flexible databases to maintain all of this information. Good general ledger modules work with Report Writing modules to produce traditional financial statements and allow for custom reports as needed. Modern systems support drilldowns which allows you to click on an account in the General Ledger which shows all detail postings from sub ledgers and then “drill” back to the sub ledger to see the original entry and an associated document (such as a PO or vendor invoice).

For comparisons of different construction software products, download the free Construction Software Selection Kit.

<Go to Construction Accounting Software>

Accounting Software | Construction Software | CRM Software| Medical Software | Manufacturing Software
Testimonials | FAQ | Tell A Friend | Industry News | Find a Consultant | Privacy Policy | Links | Site Map