The Best Engineering Accounting Software

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BQE CORE Screenshot

BQE CORE

★★★★★
★★★★★
(57)
BQE CORE is a flexible and powerful business management solution with a full range of time and expense tracking, billing, project management, and accounting capabilities.
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Client OS
Windows, macOS, iOS, Android, Web
Deployment
Cloud Hosted
FreshBooks Screenshot

FreshBooks

★★★★★
★★★★★
(5)
FreshBooks is well-recognized in the accounting world and stands as a competitor to QuickBooks Online. It’s a simple cloud accounting software that allows you to invoice clients, track expenses, and accept payments.
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Starting Price
$15/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
PENTA Screenshot

PENTA

★★★★★
★★★★★
(1)
Built with state-of-the-art technology and an open ORACLE database, PENTA delivers with Project Management, Financial Management, Equipment Cost Control and Labor Management. PENTA’s Project Management Module is a comprehensive solution that allows you to increase margins through better job and cost control. PENTA manages labor productivity, complex work breakdown structures, complete and accurate forecasting, inter-department information sharing, and unresolved claims management. PENTA achieves
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Client OS
Windows, Web
Deployment
Cloud or On-Premises
Patriot Software Screenshot

Patriot Software

★★★★★
★★★★★
(1)
Patriot Software is a cloud-hosted 1099 and accounting software that handles basic payroll. Its accounting module supports vendor payments, invoicing, payment recording, and the tracking of bank cash deposits and withdrawals.
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Starting Price
$20/month
Client OS
Windows
Deployment
Cloud Hosted
JD Edwards EnterpriseOne Screenshot

JD Edwards EnterpriseOne

★★★★★
★★★★★
(4)
JD Edwards EnterpriseOne is an ERP system with a suite of modular, industry-specific business applications. The platform runs on Oracle’s cloud, and is ideally suited for organizations that manufacture, construct, distribute, service, or manage products or physical assets.
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Starting Price
$5,605/user/month
Client OS
Windows
Deployment
Cloud or On-Premises
FINSYNC Screenshot

FINSYNC

★★★★★
★★★★★
(1)
FINSYNC software is a better way to manage payments, payroll, accounting and cash flow all to grow your business more profitably. This platform makes it easy to manage customers and collect one-time or recurring payments via ACH, card or check. Since it all stays in sync with bill payment, projects, payroll and banking, accounting happens automatically and you save valuable time, money and benefit from better analytics. One-time & recurring invoices and bills; Built-in workflow and permissions;
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Starting Price
$45/month
Client OS
Web
Deployment
Cloud Hosted
24SevenOffice Total Screenshot

24SevenOffice Total

24SevenOffice is a web-based ERP and MRP system for accountants and businesses. Always use the latest version of this AI-based platform for comprehensive accounting and bookkeeping. Accounting; Invoice; Logistics; CRM; Reporting; Project Management; Communication; and Publishing.
Client OS
Web
Deployment
Cloud Hosted
Sage Fixed Assets Screenshot
Sage FAS Fixed Assets provides the answer you need to get total command and control over the entire fixed asset lifecycle — from acquisition to disposal. Sage Fixed Assets Is the Definitive Fixed Asset Solution, Providing You With: A complete fixed asset management suite with an intuitive interface that’s easy to implement, learn, and use; Seamless integration among accounting, inventory, and reporting applications; Direct links to your General Ledger system; and Comprehensive, easy-to-use
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Client OS
Windows
Deployment
Cloud or On-Premises
Deltek Ajera Screenshot

Deltek Ajera

Deltek Ajera is an ERP software solution specifically built for the AEC industry. It helps businesses increase project profitability, improve utilization rates and streamline back office accounting processes. Ajera’s primary capabilities include project accounting, project management, and business intelligence. Dashboards; Core Accounting; Billing and Invoicing; Scheduling; Payroll; Project Management Tools; Mobile Timesheets and Dashboards; and And More.
Client OS
Windows
Deployment
On-Premises
Bench Screenshot
Bench is a subscription accounting service that connects organizational financial data with a team of professional bookkeepers. Typically used by small businesses with 10 or fewer employees. Bench accounting software tracks financials and partners with a team of bookkeepers to do the books. Every month, the Bench bookkeeping team turns data into tax-ready financial statements. This helps monitor business financial health, allows for the download of financial statements, and allows the ability to
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Client OS
iOS, Web
Deployment
Cloud Hosted
TimeSolv Legal Screenshot

TimeSolv Legal

★★★★★
★★★★★
(2)
TimeSolv has been a web-based legal billing, timekeeping and project management solution for law firms since 1999. Firms report saving 8+ hours a month in their billing process because of the offered conveniences of cloud-based software by working on any platform, Windows or Mac and any browser. With full data conversion capabilities, TimeSolv is the preferred solution for firms no matter if they are working from home or in the office. Time and expense tracking for projects/matters; Invoicing
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Starting Price
$24.95/user/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Multiview Screenshot

Multiview

★★★★★
★★★★★
(3)
For organizations seeking a solution that easily conforms to their existing operations, Multiview offers a flexible, integrated suite of financial solutions. With Multiview , companies gain superior visibility over corporate data, creating a more effective and efficient organization while still controlling costs; Multiview is one of the most robust yet affordable solutions in the market. The highly scalable, sophisticated solution includes 18 fully integrated modules that can be deployed in a
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Client OS
Windows
Deployment
Cloud or On-Premises
FinancialForce Screenshot

FinancialForce

★★★★★
★★★★★
(1)
FinancialForce is an accounting system delivered on-demand from Force.com, the world’s leading cloud computing platform pioneered by Salesforce. It is a unique and effective financial management system in its own right, but is also the perfect complement to Salesforce CRM. The two application suites form a complete, end-to-end CRM to accounting solution all in the Salesforce environment, offering unparalleled efficiency and economies of scale. Easy to implement and trouble-free to maintain,
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Starting Price
$175/user/month
Client OS
Web
Deployment
Cloud Hosted
Xledger Screenshot

Xledger

★★★★★
★★★★★
(3)
Xledger is a finance, project and Business Information system that gives customers tighter control of their business. This ERP software provides basic accounting, OCR data entry, and mobile access to your company finances. A fully integrated system. Role-based access allows you to decide which modules you want to use; Comprehensive solutions You don’t need additional plug-ins for timesheets, project accounting, logistics, scanning, workflow or dashboards.; Everything is on the web. No local
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Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Zoho Books Screenshot

Zoho Books

★★★★★
★★★★★
(6)
Zoho Books is a popular alternative to QuickBooks Online. It’s a cloud-based accounting software that offers accounts receivables and payables functionality. It lets you manage your financials and banking, create reports, and automate your sales and purchasing workflows.
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Starting Price
$9/month
Client OS
Web
Deployment
Cloud Hosted
PACT Basic Screenshot
Ideal for upcoming small companies who would like to have a feature rich, flexible software, that allows them to accommodate their growth. Pact Basic has all the features to run your business in a professionally organized manner with necessary checks and balances in place to ensure that the security is not breached and the financial data input is reflecting accurately, and it is giving all the necessary management reports to run the business efficiently. Lower Implementation Costs; Inbuilt
Giddh Screenshot

Giddh

Giddh, a service from Walkover, offers a suite of online accounting software and tools. Giddh can handle invoicing, bank reconciliation, reports and analysis, client contact information and communication tools, inventory, and more. It’s a great service for small businesses or for a company’s first accounting system. It lets users import Excel sheets onto its system, syncing previous data, and consolidating them to one location going forward. Bank Reconciliation; Multi-Currency Tools; Import
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Starting Price
$11/user/year
Client OS
Windows, macOS, Android, Web
Deployment
Cloud Hosted
QuickBooks Desktop Enterprise Screenshot

QuickBooks Desktop Enterprise

★★★★★
★★★★★
(36)
QuickBooks desktop Enterprise is an on-premises, Windows-based accounting system, specifically designed for small to medium businesses. It’s perhaps Intuit’s most advanced platform under the QuickBooks brand offering more capacity and especially better advanced inventory features. The software’s strong inventory management features, including advanced tracking and automation, are particularly beneficial for businesses managing complex inventory across multiple locations. QuickBooks Desktop Enterprise offers industry-focused editions with tools and reporting tailored to specific business needs, enhancing customization.
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Starting Price
$199/month
Client OS
Windows
Deployment
Cloud or On-Premises
BillQuick Screenshot

BillQuick

★★★★★
★★★★★
(5)
Flexible, Award-Winning Billing —Choose from 150+ invoice templates that organize your information beautifully. Automate bills to go out on the schedule of your choice to keep cash flow coming in smoothly. “The Select Items in reports will save me the cost of BillQuick each month. It is mind boggling when you custom Autocomplete and process 20+ invoices at once, in a few seconds.” Mike Block, Block Tax ; and “Using BillQuick has significantly reduced the time required to do our billing; what
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Starting Price
$19.95/user/year
Client OS
Windows
Deployment
Cloud or On-Premises
Deltek Vantagepoint Screenshot

Deltek Vantagepoint

★★★★★
★★★★★
(2)
Deltek Vantagepoint keeps professional service firms on top of problems that can derail your success and facilitates better decision-making by delivering mission critical information to your desktop at the click of a mouse. Visualization, Dashboards and award-winning reports are a few of the many ways that Deltek Vantagepoint provides the information you need to effectively and efficiently manage your business. ::: alert blue This product has replaced Deltek Vision. Deltek Vision will continue
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Client OS
Windows, Web
Deployment
Cloud or On-Premises

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Buyer’s Guide

Accounting forms the basis of all business. Knowing how to interpret financial data can calculate costs can be the difference between success and failure. Some industries, such as engineering, prefer specialized accounting systems in order to operate at optimal capacity.

What is Accounting Software for Engineers?

Engineering accounting software automates basic financial practices such as analysis, cost management, and payroll balancing. In addition to these core functions, engineering firms have several unique accounting priorities compared to other industries:

  • Manage project schedules and budgets
  • Time and expense tracking
  • Customer and client invoicing

By using accounting software with this type of functionality, engineers can better prepare their financials for upcoming projects. Along with engineers, these industry-specific accounting solutions can be used by contractors, subcontractors, and architects.

BQE Core Software
Automate billing with BQE Core.

Features of Engineering Accounting Software

  • Core accounting: Cover all basic accounting functions like revenue and expense tracking; specific modules include accounts payable (AP), accounts receivable (AR), and a general ledger
  • Payroll management: Automate all aspects of employee compensation, such as wage calculation, annual tax reports, and direct deposit or check printing
  • Budgeting and forecasting: Coordinate financial planning activities for upcoming projects, then track and report on actual financial progress
  • Project cost management (PCM): Estimate the cost of a project based on variables like time, labor, and expenses before work begins
  • Billing and invoicing: Calculate, create, send, and manage outbound invoices to clients for services and products; set up one-time or recurring billing with automated payment reminders
  • Inventory management: Track on-hand inventory as current assets on the balance sheet then automate purchase orders to replenish low stocks; also measure equipment use over time as well
  • Purchase orders: Create financial documentation for vendors when buying supplies or services based on product type, quantity, and pricing
  • Financial reporting: Generate automated reports on various company financials, such as budget or payroll, creates financial reports for your business
FreshBooks Cloud Accounting
FreshBooks lets you manage your expenses from a Cloud-based platform.

Best Accounting Software for Engineers Benefits

There are many benefits to using accounting software specifically for engineering firms:

Balance Project Schedules and Budgets

Engineering projects can take months or even years to complete. Having an accurate timeline and budget is essential before any work can begin. In fact, an initial estimate may be required with the Request for Information (RFI). Project managers with accounting software can streamline the job costing and estimation process necessary for establishing a clear budget.

Project cost management (PCM) tools help estimate the initial costs of a project. For example, you can track past equipment usage to determine if there may be any repair or maintenance expenses during the project. Knowing these numbers in advance can greatly reduce unexpected expenses further down the line.

Having a budget in place can then determine the project timeline by showing what work you can afford at any given time. If your firm’s payment plan is based on percent-complete billing, setting this schedule can help the client prepare their payment far in advance to meet all deadlines.

Time and Expense Tracking

Engineering firms need accounting software in order to calculate project costs far in advance. However, daily expenses and employee payroll can cause changes to those financial plans. Even with limited accounting experience, you can instantly review your company ledger at any time from any browser or mobile device.

Depending on the nature of your work, you’ll likely have to follow strict government regulations. Tracking adds to transparency when reporting on project compliance. Easy-to-share reports can be sent between different departments through the accounting software so everyone remains up-to-date on the latest financial information.

PENTA
PENTA has time, equipment, and production logs.

Streamline Customer and Client Invoicing

Finally, billing clients is one of the final steps for engineering firms wrapping up a project. Billing and invoicing tools from accounting software make it easy to generate custom expense reports for every project. And software can automate the billing process to get invoices out to clients on a set schedule. This is particularly useful for firms using percent-complete billing practices.

As described above, accurate employee timesheets are essential for tracking billable labor. If independent contractors, subcontractors, or freelancers are involved in a specific project, you can use accounting software to accurately calculate payment for their services.

Additional Software Integration for Engineering

Accounting software contains a lot of different modules and applications for services beyond basic financing. For other areas, these systems can integrate with several other types of software to fully streamline your back-office processes, such as:

Combining all of these systems with an accounting software will make running your engineering firm easier than ever before.

Engineering Accounting Software Deployment Options

Accounting software can be deployed either on-premise at your business or through a Cloud-based platform. The deployment model you choose will depend on what works best for your company. Additionally, there are hybrid deployment models available which combine on-premise and web-based solutions.

On-premise solutions are known for their extra security, since they are controlled directly by your company. Enterprise-level firms all the way down to independent contractors may prefer to keep their financial data stored on-premises.

Cloud-based systems can be accessed from any mobile device with Internet access, making this beneficial for making real-time changes to product data. This is useful for engineering firms with multiple field offices. And these applications are remotely accessible on iOS and Android mobile devices.