Construction Accounting, Simplified

Streamlined AP for Real-Time Accuracy

Premier’s construction management accounting software streamlines accounts payable with customizable workflows and advanced invoice routing based on job, cost item, vendor, and dollar or percentage thresholds. It supports matching commitments and routes invoices to multiple approvers as needed. This ensures real-time accuracy, allowing project managers to approve and/or decline invoices, view documents, review line items & compare budgets, and allocate and distribute funds effectively while adhering to budgetary constraints and enhancing financial control.

Comprehensive Project Billing

Premier’s accounting construction software simplifies project billing for progress billing (AIA), cost-plus, lender draws, and time and materials (T&M) by automating accounts receivable invoicing directly from billing details. This reduces manual effort while keeping accounting and job costing in perfect sync. Whether entering percentage complete, amounts, or production units, our construction accounting software streamlines the process. One-click reversals or revisions make adjustments for clawbacks or changes easy, eliminating the need for manual corrections. This ensures accurate, efficient billing management, boosting cash flow and enhancing overall project financial control.

Cost Control & Budget Adherence

Premier’s contractor accounting software enables project managers to track budgets in real time, ensuring accurate financial data and informed decisions. Automate change orders, subcontractor agreements, and purchase orders with one click, reducing manual entry and errors. With features that prevent incorrect coding, control cost overruns, and flag overpayments to vendors, our accounting software for construction companies keeps expenses aligned with budgets. Real-time alerts and settings support financial discipline and adherence to budget constraints, enhancing cost control and protecting profits.

Real-Time Employee/Crew Time Tracking

Premier Mobile streamlines time tracking for individuals and crews, integrating real-time labor hours into job costing. It supports multiple occupation codes and unions, accurately calculating labor costs and fringes like FICA, SUTA, CPP, and EI. Time entries can be routed for approval, validating locations and ensuring accuracy. Features like copy time, default settings, and restricted access ensure employees enter data against the correct job and cost item, reducing errors and saving time

AI Powered Bank Feeds & Reconciliations

Premier’s construction accounting system utilizes AI-powered bank feeds to automatically connect with your bank account, import transactions, and match them with recorded entries in Premier. This ensures accurate, efficient reconciliation and saves valuable time.

Flexible Sales Tax Calculations

Premier provides exceptional flexibility in sales tax management, accommodating various factors such as vendor, job, material, supplier, and invoice processing. Whether handling use tax, HST, PST, QST, county and state tax, VAT, or GST, our system ensures precise tax calculations tailored to your needs. This adaptability simplifies compliance and streamlines tax management, reducing complexity across diverse regions and transactions.

Accurate Inventory Valuation

Premier’s construction accounting software ensures precise inventory valuation by recording purchases directly to inventory and/or projects. It manages both stocking and non-stocking items, supports bill of materials and assemblies, tracks full supplier pricing history, and tracks stocking levels across multiple warehouses and locations. By updating assets in real time and reflecting project costs accurately, our construction management accounting software enhances resource management and budgeting accuracy.

Automated Revenue Recognition

Premier simplifies the matching principle by automating revenue and expense calculations. Using the percent complete method, it compares incurred costs with the estimated completion revenue to determine over or under billed amounts. This automation manages Work in Progress (WIP) adjustments and ensures precise financial reporting, reducing administrative burdens and supporting strategic decision-making.

Seamless Lien Waiver Automation

Premier’s construction accounting system automates the lien waiver process by generating and sending conditional, unconditional, partial, or final lien waivers upon invoice or check generation. Waivers are emailed with a secure link, allowing subcontractors to easily sign and attach required documents. The signed waivers are then automatically stored and marked as received in Premier, reducing manual effort and mitigating risk while ensuring efficient and accurate management of lien waivers.

AI-Powered Invoice Automation

Premier's AI-powered machine learning, powered by our partner Smart UI, eliminates manual data entry. It interprets vendor emails, automatically codes distribution, tax, and retainage, and matches invoices to the correct commitments. The system attaches backup documents and routes them for approval based on your workflow in Premier. This automation saves time, reduces errors, and helps your business scale efficientl

Financials & Accounting Reports

Premier provides essential construction accounting reports, including financial statements, Work in Progress (WIP), Trial Balance, GL Summary, and Cash Flow Reports. Key features include Budget vs. Actual, Job Cost Progress, Change Orders, Accounts Payable and Receivable Aging, Retainage, and Vendor Progress. Additional reports include Red Flag Alerts, Approval Status, and Compliance. Premier supports comprehensive reporting across companies and projects, offering summary to detailed views with full drill-down capabilities and easy export to Excel.