Foundation Software

Video Overview

Foundation software blends standard accounting functionalities like accounts payable, accounts receivable, and general ledger with construction-specific features such as job costing and purchase orders/subcontracts. The integrated modules ensure efficient data flow across different sections, like linking payables to job costing and receivables to the general ledger.

Foundation Software Key Features

• Base Modules: Comprised of job costing, accounts payable, general ledger, payroll, accounts receivable, purchase orders & subcontracts, and CPA audit/review.
• Additional Modules: Includes time & material, unit price billing, inventory, equipment, fixed assets, project management, scheduling, service dispatch, and an executive dashboard.
• Mobile Tools: Features include FOUNDATION mobile, eAccess, and Service Dispatch mobile^®.
• Services: Integration with external payroll processing services.

Customization and Additional Modules: Users can enhance their system with a variety of additional modules and integrated tools. These include scheduling, inventory, equipment, time & material, unit price billing, fixed assets, service dispatch, an executive dashboard, and a consolidated general ledger for extensive financial reporting. These modules allow users to customize the core software to their specific business needs.

Foundation Software Modules

• Job costing: Features flexible report designers, bonding reports, user-defined phases, cost codes, change order processing, and accurate tracking of costs against estimates.
• Accounts payable: Encompasses recurring invoices, check voids, sales and use tax tracking, subcontractor retainage tracking, and electronic 1099s.
• General ledger: Offers a flexible financial statement designer, budgets, G/L by job reporting, and consolidated financial reporting for multiple companies.
• Payroll: Manages complex payroll requirements including certified payroll, prevailing wage rates, workers’ compensation, multiple jobs and states, and union compliance.
• Accounts receivable: Provides AIA billing, percent complete billing, retainage tracking, and customizable invoices.
• Purchase orders/subcontracts: Supports multiple jobs per order, change order tracking, and committed cost reporting.
• CPA audit/review: Facilitates easy access to key reports, journal adjustments, and fast data exports.

Additional Modules

• Time & material: Allows user-defined markups, easy billing from register, and prevention of re-billing.
• Unit price billing: Creates estimates, attaches subcontractors to items, and imports line items from various sources.
• Inventory: Manages stocking locations, tracks UPC/DCI codes, and integrates with barcoding software.
• Equipment: Tracks usage hours, schedules maintenance, and retains service history.
• Fixed assets: Supports unlimited depreciation methods and automatic depreciation calculation.
• Project management: Facilitates RFC, RFP, RFI, and submittal tracking, along with integration with Microsoft Outlook®.
• Scheduling: Includes interactive Gantt charts and resource allocation.
• Service dispatch: Features a graphical dispatch board, technician messaging, and equipment warranty tracking.

Target Market:

FOUNDATION is ideally suited for small to medium-sized, labor-intensive contractors, but larger construction businesses also utilize it. The typical clientele ranges from companies with 10 to 1,500 employees and annual revenues of $1 million to $250 million.

The software is predominantly used by trade contractors (80% of users), with the remaining being general contractors and a substantial portion in heavy construction.