Know your numbers at every stage—track job costs, budgets, and cash flow in real time.
[ Tutorial ]
Accounting features
Streamlined Accounts Payable (AP)
With numerous invoices, subcontractor payments, and material costs to handle, traditional AP processes can become overwhelming and prone to mistakes. Premier’s construction accounting software optimizes accounts payable processes with advanced features designed to reduce manual entry, automate approvals, and enhance financial control.
Customizable Workflows: Tailor invoice routing based on job, cost item, vendor, and thresholds (dollar or percentage).
Commitment Matching: Match invoices to commitments and route them to multiple approvers.
Enhanced Financial Control: Approve or decline invoices, review line items, compare budgets, and allocate funds effectively while adhering to budget constraints.
Comprehensive Project Billing
Without streamlined billing methods, construction companies often face delays, disputes, and inaccuracies that can strain relationships and hinder financial performance. Premier simplifies project billing across multiple methods, including progress billing (AIA), cost-plus, lender draws, and time and materials (T&M).
Automated Invoicing: Reduces manual effort by syncing accounts receivable invoicing directly from billing details.
Adjustment Flexibility: One-click reversals or revisions for clawbacks or changes eliminate manual corrections.
Boosted Cash Flow: Ensures accurate billing management to improve cash flow and financial control.
Cost Control & Budget Adherence
Premier enhances cost control and ensures adherence to budgets with automation and real-time tracking. By leveraging automated cost control and budget adherence, construction businesses can proactively manage expenses, detect potential issues before they escalate, and maintain financial discipline throughout the project lifecycle.
Automated Processes: Manage change orders, subcontractor agreements, and purchase orders with one click.
Error Prevention: Prevent incorrect coding, control cost overruns, and flag vendor overpayments.
Real-Time Alerts: Support financial discipline to protect profits and maintain budget alignment.
Real-Time Employee/Crew Time Tracking
Real-time employee and crew time tracking not only improves accuracy but also enhances productivity by allowing managers to monitor labour costs and workforce efficiency as the project progresses. Premier’s SubPay App streamlines labour tracking for individuals and crews.
Accurate Labour Costing: Combines labour hours into job costing with support for occupation codes and unions.
Approval Routing: Validates time entries for accuracy and location.
Error Reduction: Features like copy time and restricted access ensure correct data entry.
AI-Powered Bank Feeds & Reconciliations
Reconciliation delays can hinder decision-making and create gaps in financial transparency. Premier uses AI-powered bank feeds to automate transaction imports and matching.
Efficient Reconciliation: Saves time by ensuring accurate bank transaction matching.
Error Reduction: Minimizes manual effort in financial reconciliations.
Flexible Sales Tax Calculations
Mistakes in tax calculations can lead to compliance issues, costly penalties, and financial discrepancies. By implementing flexible sales tax calculation features, construction businesses can ensure accurate and compliant tax management, regardless of the complexity of the project or location.
Adaptability: Handles use tax, HST, PST, QST, VAT, GST, county/state taxes based on vendor or job specifics.
Compliance Simplification: Reduces complexity in tax calculations across diverse transactions.
Accurate Inventory Valuation
Automated and precise inventory management enables construction companies to track materials across multiple locations, streamline purchasing decisions, and ensure that project budgets stay on target.
Real-Time Updates: Reflects project costs accurately by recording purchases directly to inventory/projects.
Comprehensive Tracking: Supports bill of materials, assemblies, supplier pricing history, and warehouse stocking levels.
Cost Accuracy: Reflects real-time cost adjustments for better financial reporting.
WIP Automation
Properly managing WIP (Work in Progress) ensures that revenue is accurately matched with project progress, maintaining financial transparency and compliance. Premier uses the percent complete method, seamlessly integrating with WIP management to ensure accurate and consistent financial reporting.
Precise WIP Adjustments: Matches incurred costs with estimated completion revenue for accurate reporting.
Administrative Efficiency: Reduces manual effort in financial reporting.
Error Reduction: Minimizes the risk of inaccuracies and compliance issues.
Seamless Lien Waiver Automation
Generating and tracking conditional and unconditional waivers manually can be a hassle—leading to delays, compliance issues, and unnecessary administrative burdens. With Premier, lien waiver creation and management are fully automated, keeping the process efficient and stress-free.
Efficient Processing: Automatically generates conditional/unconditional waivers upon invoice or check creation.
Risk Mitigation: Securely emails waivers for subcontractor signatures and stores signed documents automatically.
Compliance Assurance: Reduces the risk of legal disputes by ensuring accurate and complete waiver documentation.
Automated Notifications: Alerts stakeholders when waivers are generated and signed, maintaining transparency.
AI-Powered Invoice Automation
Automating tasks like data extraction, coding distribution, and approval routing significantly reduces manual effort, minimizes errors, and enhances scalability. This not only saves time but also ensures consistent and accurate financial reporting. Premier leverages AI-powered machine learning through SmartUi to streamline invoice processing.
Time Savings: Eliminates manual data entry by interpreting vendor emails and coding distribution automatically.
Scalability: Attaches backup documents and routes invoices for approval based on workflows.
Error Reduction: Minimizes human errors with automated data extraction and classification.
Financials & Accounting Reports
Premier provides essential construction accounting reports tailored to business needs.
Comprehensive Reporting: Offers detailed views of financial statements, WIP reports, trial balance, GL summaries, cash flow reports, etc.
Advanced Insights: Includes Budget vs. Actual comparisons, Job Cost Progress tracking, Change Orders analysis, AP/AR aging reports, retainage details, vendor progress updates, red flag alerts, approval statuses, and compliance checks.
Customizable Views: Access summary reports or drill down into transaction-level details as needed.
Data-Driven Decision Making: Utilize real-time data to inform financial strategies and project planning.
Export & Sharing Options: Generate and share reports with stakeholders in a few clicks.
[ Construction cloud ERP ]
Unlock financial clarity & control
Take control of your construction finances with a platform built for the construction industry.
Streamline accounting workflows
Automate journal entries, approvals, and recurring transactions across multiple companies.
Simplify inter-company transactions with automated updates to loan accounts.
Manage subcontractor payments with electronic workflows and retainage tracking.
Automate complex billing processes, including monthly draws and lien waivers.
Pull up a Work-in-progress (WIP) report in seconds.
Gain real-time financial insights
Access detailed dashboards that provide KPIs, at-risk items, and cost summaries with drill-down capabilities.
Monitor job profitability and Estimate at Completion (EAC) with real-time updates.
Use OData integration for dynamic data modeling and analysis without constant exports/imports.
Forecast accurately using automated calculations for anticipated costs.
Ensure accuracy & compliance
Prevent incorrect coding and budget overruns with alerts and hard stops for AP invoices.
Secure role-based access controls with multi-factor authentication for enhanced security.
Stay compliant with automated lien waivers and conditional release forms.
Leverage built-in financial safeguards like segregation of duties and internal controls to minimize risk.
[ Video Testimonials ]
Hear what our customers have to say
[ What makes us stand out ]
What makes Premier different
Go live in 60 Days!
Premier’s construction accounting software comes preloaded with industry-specific data, templates, and blueprints. Our expert guidance ensures your team is ready to achieve operational excellence from day one.
Built for construction
We understand construction inside and out. By anticipating challenges and evolving best practices, we design every feature to meet the industry's unique needs.
Onboarding led by industry pros
You’re backed by a team of trained professionals with real-world construction experience. Our implementation specialists bring both industry expertise and technical know-how—helping you set up with confidence, streamline workflows, and drive results from day one.
30-Day money-back guarantee
We stand behind our solution with confidence. If you’re not satisfied within the first 30 days, we’ll refund your money—no questions asked. Subject to terms and conditions.
AI-powered digital transformation
Adapt to constantly changing technology and leverage the most powerful tools on the market. With AI built into Premier, you’ll be sure to stay at the forefront of the race.
We are an extension of your team
Our #oneteam approach means that we listen & learn. We tailor our implementation sessions to your needs and show you how you can improve your processes. Our consultants work with you as an integral part of your team.
Convenience demonstrated in numbers
26+
Financial functions
8x
Faster operation
24/7
Monitoring access
52
Yearly updates
[ FAQ ]
Frequently asked questions
Premier’s accounting system for construction integrates all accounting functions into one seamless system, automating key processes like AP/AR, bank reconciliations, and intercompany transactions. Our AI-powered tools handle invoice processing, payment matching, and data entry, while maintaining complete audit trails and ensuring accuracy across all transactions.
Yes, Premier supports unlimited companies, including LLCs, LLPs, holding companies, and joint ventures. The construction accounting system automates intercompany transactions and reconciliations, streamlines centralized AP invoice payments, and eliminates manual updates to loan accounts across entities.
Absolutely. Premier’s construction accounting system supports unlimited company creation with automated intercompany transactions and reconciliations. Whether you're managing multiple LLCs, joint ventures, or holding companies, the construction accounting system maintains clean separations while allowing consolidated reporting and centralized payment processing.
Find out more
[ Success stories ]
This real estate developer in Toronto expanded from 15 to 50 employees and managed 18 major projects worth $4.4 billion by implementing Premier, achieving a 78% time savings and tripling their project capacity. By streamlining processes and adopting real-time reporting, they saved over 30 hours per week, enhancing efficiency and scalability.
[ One platform. 360º visibility. ]
More than just accounting — seamless construction management in one platform
Financials
Gain precise financial control with integrated GL and job costing, automated WIP calculations, and real-time data synchronization. Access comprehensive reporting tools with built-in alerts for informed decision-making and regulatory compliance.
Job Costing
Track project costs with precision and protect your margins. Monitor labor, materials, and overhead in real-time to keep your projects profitable and on budget.
Project Management
Centralize your project operations for complete visibility and control. Manage schedules, documents, and resources all in one integrated platform.
AI & Predictive Intelligence
Make smarter decisions with AI-powered insights. Anticipate challenges and optimize resources using data-driven predictions for better project outcomes.
Drawing Management
Keep your team aligned with efficient drawing management. Handle revisions and markups seamlessly while ensuring everyone works from the latest versions.
Payroll
Handle complex construction payroll with ease. Automate calculations for different pay rates and unions while ensuring compliance across all jurisdictions.
Field/Mobile
Connect your field and office teams seamlessly. Access critical project information and capture real-time data from anywhere, on any device.
Financials
Gain precise financial control with integrated GL and job costing, automated WIP calculations, and real-time data synchronization. Access comprehensive reporting tools with built-in alerts for informed decision-making and regulatory compliance.
Job Costing
Track project costs with precision and protect your margins. Monitor labor, materials, and overhead in real-time to keep your projects profitable and on budget.
Project Management
Centralize your project operations for complete visibility and control. Manage schedules, documents, and resources all in one integrated platform.
AI & Predictive Intelligence
Make smarter decisions with AI-powered insights. Anticipate challenges and optimize resources using data-driven predictions for better project outcomes.
Drawing Management
Keep your team aligned with efficient drawing management. Handle revisions and markups seamlessly while ensuring everyone works from the latest versions.
Payroll
Handle complex construction payroll with ease. Automate calculations for different pay rates and unions while ensuring compliance across all jurisdictions.
Field/Mobile
Connect your field and office teams seamlessly. Access critical project information and capture real-time data from anywhere, on any device.