FOUNDATION

foundationsoft.com
Construction Management
Weekend Project

Construction Accounting Software Built for Contractors

How to Replace FOUNDATION

Overview

FOUNDATION is construction accounting software that brings everything together for contractors including job costing, payroll, invoicing, vendor payments and financial reporting all in one system. It provides real-time visibility into project expenses and helps contractors manage more profitable jobs through powerful financial management tools. The platform is built exclusively for contractors with specialized features designed specifically for the trades.

Features

56 features across 23 categories

Access & Security(1)

eAccess

Remote access capabilities for financial data and reports

Alerts & Notifications(1)

Real-Time Budget Alerts

Receive automated alerts to avoid budget overruns and get real-time discrepancy alerts

Asset Management(2)

Equipment Management and TrackingPremium

Equipment management and tracking across operations

Fixed Assets Tracking

Fixed asset management and tracking

Billing(3)

Invoicing

Invoicing and progress billing capabilities for construction projects

Time & Material Billing

Time and material billing options for flexible project billing

Unit Price Billing

Unit price billing capabilities for project invoicing

Also in: Insightly, Airtable, Obsidian

CPA Tools(2)

CPA Audit/Review Module

Remotely access reports through a dedicated CPA Audit/Review Module and grant CPA direct access to financial data

CPA Directory

Free CPA Directory to help construction clients find CPA businesses

Compliance(1)

Prevailing Wage Compliance

Support for prevailing wage laws and union regulations compliance

Also in: Insider CDP, Airtable, 1Password

Dashboards(2)

Executive Dashboard

Executive Dashboard for viewing key metrics and project information

ExecutiveHQPremium

Executive reporting and dashboard tool for leadership visibility

Document Management(1)

Document Imaging

Document imaging capabilities for storing and managing project documentation

Estimating(2)

Estimating EdgePremium

Roofing and interior trades estimating software

McCormick Systems EstimatingPremium

Estimating software for electrical, plumbing and mechanical trades

Field Management(3)

CrewHQPremium

Crew management tool for field teams and operations

Field Logs and Daily Reports

Field logs and daily reports documentation and tracking

Service DispatchPremium

Service dispatch capabilities for field operations

Financial Management(8)

Accounts Payable

Vendor payment processing and accounts payable automation

Accounts Receivable

Accounts receivable tracking and collections management

Consolidated GL

Consolidated general ledger across multiple entities or operations

General Ledger

General Ledger integration and reporting with construction-specific accounting workflows

Job Costing

Track every dollar, hour and quantity for every job with real-time job costing to prevent budget overruns before they happen

Journal Entries

Streamline journal entries with construction-specific accounting workflows

Retainage Management

Handling of long-term contracts and retainage amounts

Revenue Recognition

Streamlined revenue recognition processes for construction projects

HR Management(1)

hrHQPremium

Human resources management for construction firms

Implementation & Support(2)

Data Migration

Professional data migration services from legacy accounting systems

Implementation Support

Implementation specialists and training specialists to transition businesses to FOUNDATION

Inventory(1)

Inventory Management

Inventory management across multiple job sites

Mobile(1)

Mobile Timecard Entry and ApprovalPremium

Enter and approve timecards online or from the field with mobile app capabilities

Payment & Expense Management(3)

Bill PayPremium

Online bill payment processing

FOUNDATION PayPremium

Corporate card and bill pay capabilities for expense management

Online PaymentsPremium

Online payment processing capabilities

Payroll(3)

Certified Break Times and Overtime VerificationPremium

Certified break times and verified overtime compensation tracking

Payroll Processing

Calculate multiple jobs, localities, rates and trades on a single timecard with support for prevailing wage laws, union regulations and certified payroll requirements

Payroll4ConstructionPremium

Dedicated payroll service for construction companies

Procurement(1)

Purchase Orders and Subcontracts

Purchase order processes and approval workflows with subcontract management

Project Management(4)

Change Order Management

Tracking and management of change orders and contract modifications

Project ManagementPremium

Project management tools and capabilities with centralized dashboard

ProjectHQPremium

Project management app providing centralized dashboard with visibility into invoices, change orders, project documentation and job-cost data

Scheduling

Project scheduling and timeline management

Reporting(7)

Budget-to-Actual Comparisons

Job cost reports with budget-to-actual comparisons for project analysis

Certified Payroll Reports

Certified payroll, EEO, and new hire reporting capabilities

DataGenie Report Designer

Custom report designer tool for creating customized financial reports

Financial Reporting

Instantly generate reports on project cash flows, work-in-progress and comprehensive financial statements that meet industry standards

Over/Under Billing Identification

Identify over/under billing with automated reports that highlight discrepancies

Profitability Analysis

Financial reports and profitability analysis for project and company-wide metrics

Work-In-Progress (WIP) Reports

Generate detailed WIP reports to track work-in-progress across all jobs

Safety & Compliance(1)

SafetyHQPremium

Health and safety software for the construction industry

Time Tracking(4)

Facial Recognition Time TrackingAIPremium

Patented facial recognition with real-time discrepancy alerts for time tracking

GPS Location StampsPremium

GPS location stamps on employee clock-ins and clock-outs for field-to-office integration

Mobile Time TrackingPremium

Mobile time tracking solution with field-to-office integration

WorkMaxPremium

Mobile time tracking solution for construction workforce

Training & Support(2)

CPA Webinars and Conferences

Attend webinars and CPA conferences for CPE credit

Six Months of Training

Comprehensive training provided for six months during implementation

Pricing

Custom Pricing

Custom
  • Job Costing
  • Payroll
  • Purchase Orders and Subcontracts
  • Accounts Receivable
  • Add-on modules available

Cost Calculator

Pricing data not available for FOUNDATION. Check their website for current pricing.

Build vs Buy

Should you build a FOUNDATION alternative or buy the subscription? Estimate based on 56 features.

Buy FOUNDATION

Better Value
Monthly costContact Sales
3-year totalVaries
Time to deployDays

Build Your Own

Development cost$36,000
Maintenance$540/mo
3-year total$55,440
Dev time~3 months

Buying FOUNDATION saves ~$55,440 over 3 years vs building.

Estimates based on 56 features and a BuildScore of 5/5. Actual costs vary.

Integrations

4 known integrations

Microsoft SQL ServerProjectHQQuickBooksThird-party Project Management Software