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Construction
FinovatePro is an industry-ready financial operating system for construction companies. It brings job costing, projects, phases, labor, materials, subcontractors, committed costs, change orders, WIP, progress billing, retainage and cost to complete into one structured financial environment.
Why it is different
Construction projects run for months or years and change after the original estimate. Cost, billing, cash, retainage, completion and revenue rarely move together, so the accounting has to follow the full project lifecycle.
When labor, materials and subcontractor costs are not coded to jobs and phases as they happen, margins are unclear.
Approved and pending change orders tracked by email or spreadsheet distort budgets and billing.
Retainage receivable and payable across many jobs is easy to lose track of.
Over- and under-billing schedules rebuilt by hand slow the close and hide problems.
What FinovatePro helps manage
FinovatePro keeps job, phase and contract detail inside the accounting records, so project managers and finance can see margin and cash on every job without rebuilding reports in spreadsheets. See all features →
Track labor, materials, equipment and subcontractor costs by job and phase.
See purchase orders and subcontract commitments before they become invoices.
Update budgets and contract values as change orders are approved.
Compare cost, billing and percent complete to show over- and under-billing.
Bill by progress and track retainage receivable and payable by job.
Forecast remaining cost and estimated final margin on every project.
Owners, sureties and lenders all ask how each job is really doing. FinovatePro uses jobs, phases, budgets and commitments to turn project activity into clear margin and WIP reporting, where the applicable modules are enabled.
Available reports depend on the selected plan, configuration and modules.
FinovatePro is designed to support structured revenue and contract reporting under ASC 606 and IFRS 15 where applicable, including contract assets and liabilities.
ASC 606IFRS 15U.S. GAAPIFRS
The exact accounting depends on your entity, contracts, legal form, jurisdiction and facts. Management and accounting professionals remain responsible for complex accounting judgments.
How it works
Estimates become job and phase budgets.
Purchase orders and subcontracts are recorded as commitments.
Labor, materials and invoices post to jobs and phases.
Progress bills and retainage are tracked by job.
WIP and cost to complete show the expected final margin.
General-purpose accounting tools can record bills and invoices, but they are not built around jobs, phases, commitments and retainage. Contractors end up running WIP, change-order and cost-to-complete schedules in spreadsheets that drift from the books.
FinovatePro makes jobs, phases and contracts part of the financial operating system itself, giving you one consistent path from estimate to job cost to financial statement.
Choose the plan and implementation level that fits your size, reporting needs and entity structure.
FAQs
Construction accounting software combines core accounting with project workflows: job costing, projects, phases, labor, materials, subcontractors, committed costs, change orders, WIP, progress billing, retainage and cost to complete.
Construction projects can span long periods and change after the original estimate. Cost, billing, cash, retainage, completion and revenue do not always move together, so the accounting must follow the project lifecycle.
Yes. FinovatePro is designed to compare cost, billing and progress by job to show over- and under-billing, subject to the selected plan, configuration and modules.
FinovatePro is designed to support job cost reports, WIP schedules, committed costs, progress billing, retainage, contract assets and liabilities, cost to complete and estimated final margin, subject to the selected plan, configuration and modules.
Revenue recognition under ASC 606 or IFRS 15 may apply where relevant. The correct accounting depends on the entity and contracts, so professional judgment may be required.
Not necessarily. Estimating, scheduling or field tools may remain the system of record for operational data, while FinovatePro handles accounting and reporting. FinovatePro only advertises integrations that are completed and tested.
Connect job costs, commitments, change orders, WIP and retainage with accounting, reporting and controls in one financial operating system.
Explore more
Owner contracts, subcontractors and retainage.
Projects, WIP and client profitability.
Properties, leases and rental income reporting.
