Furthermore, payroll, tax, and compliance reports are automatically generated such as Minority Compliance Report, ACA Report, W-2S, and Certified Payroll Report. This is a time-saving feature since it eliminates multiple data entries and it ensures that the correct union pay rates are applied.
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Through this feature, users can easily set up their union fringes and prevailing wages into the software and it would set them as default to be used in timecards. Foundation construction accounting software offers a feature that automatically generates and calculates the applicable pay rates and taxes that should reflect in timecards used by contractors and employees who work in multiple states, trades, cities, unions, and jurisdictions. Payroll management especially when done manually is one of the most challenging aspect of construction accounting. Through the modules in its program, FOUNDATION makes construction accounting much easier accommodating all the financial information and reporting necessary in a very efficient way. It said that this solution is a top rated construction accounting software since it eliminates the dependency to usage of other multiple accounting software in preparing financial reports, auditing, and doing all the complexities of construction accounting. Furthermore, it is also a viable tool for construction job costing, job cost accounting, and project management. The system takes into account that construction accounting is far different from the regular accounting process applied in other industries and businesses, and thus enables contractors and workers to work in a wide range of states, unions, trades, and jurisdictions using just a single timecard.įoundation Software provides a fully-integrated and flexible solution that automates the production and management of complicated and critical financial information in construction business such as retainage, prevailing wage rates, certified payroll, purchase orders and subcontracts, equipment usage, AIAs, union fringes, labor costs, lump sum and per unit costs, accounts payable, fiscal periods, tax spending, and other information that are construction-specific.
Foundation Software is a construction accounting platform built exclusively for commercial companies, industrial contractors, government agencies, and similar organizations that do business beyond a fixed location.
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