Engineering Accounting Software

Get the best engineering accounting software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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BQE Core Screenshot
BQE Core
★★★★★
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(48)
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. Designed specifically for professional services firms by industry experts, Core…
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Starting Price
$7.95/month/user
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
FreshBooks Screenshot
FreshBooks
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(5)
FreshBooks is a cloud accounting solution designed for freelancers and small business owners. It is a simple and intuitive solution, so accounting isn’t intimidating. Create professional invoices, capture your expenses and track your time towards…
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Starting Price
$15/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
PENTA Screenshot
PENTA
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(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…
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Client OS
Windows, Web
Deployment
Cloud or On-Premises
Patriot Software Screenshot
Patriot Software
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(1)
Patriot Software is an online accounting and payroll software solution for small businesses. The solution allows businesses to track money and pay employees with ease. The online accounting is designed to be used by the non-accountant. The package lets…
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Starting Price
$8/month
Client OS
Windows
Deployment
Cloud Hosted
JD Edwards EnterpriseOne Screenshot
JD Edwards EnterpriseOne
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JD Edwards EnterpriseOne is a complete suite of modular, pre-integrated industry-specific business applications designed for rapid deployment and ease of administration on a pure internet architecture. It is ideally suited for organizations that…
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Windows
Deployment
Cloud or On-Premises
FINSYNC Screenshot
FINSYNC
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(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…
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Starting Price
$45/month
Client OS
Web
Deployment
Cloud Hosted
24SevenOffice Total Screenshot
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…
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…
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Client OS
Windows
Deployment
Cloud or On-Premises
Deltek Ajera Screenshot
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…
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…
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Client OS
Web, iOS
Deployment
Cloud Hosted
TimeSolv Legal Screenshot
TimeSolv Legal
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(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…
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Starting Price
$24.95/month/user
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Multiview Screenshot
Multiview
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(2)
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…
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Client OS
Windows
Deployment
Cloud or On-Premises
FinancialForce Screenshot
FinancialForce
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(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…
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Starting Price
$175/month/user
Client OS
Web
Deployment
Cloud Hosted
Xledger Screenshot
Xledger
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★★★★★
(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…
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Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Zoho Books Screenshot
Zoho Books
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(4)
Zoho Books is an online accounting software that lets you manage your financials and banking, automate your sales and purchasing workflows, and even track time and create reports. Zoho Books includes accounting capabilities such as accrual accounting…
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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…
Client OS
Deployment
Cloud Hosted
Giddh Screenshot
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…
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Starting Price
$11/year/user
Client OS
Mac, Web, Windows, Android
Deployment
Cloud Hosted
QuickBooks Enterprise Screenshot
QuickBooks Enterprise
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(29)
QuickBooks Enterprise Solutions by Intuit offers the most comprehensive business management solution for growing businesses with up to 30 simultaneous users. Enterprise Solutions allows you to customize any of the 120+ built-in Reports and forms to look…
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Starting Price
$924/year
Client OS
Windows
Deployment
Cloud or On-Premises
BillQuick Screenshot
BillQuick
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(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…
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   $     $     $     $     $   
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Starting Price
$19.95/year/user
Client OS
Windows
Deployment
Cloud or On-Premises
Deltek Vision Screenshot
Deltek Vision
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(2)
Deltek Vision 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…
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   $     $     $     $     $   
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Client OS
Web, Windows
Deployment
Cloud or On-Premises

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Engineering Accounting Software 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.

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