INTERAC Construction Accounting

7 Reviews 5/5

A construction accounting software for general, specialty, and heavy/highway contractors.

Product Overview

Interac Construction Accounting is an ideal solution for construction contractors seeking a detailed and efficient approach to job cost accounting and construction management. Its integrated suite offers a wide range of tools, including job cost and job manager for project management, accounts payable with lien waiver automation, and payroll accommodating various work conditions. Subcontractor control and service billing modules cater specifically to the needs of general and specialty contractors, respectively. The software also includes equipment cost and equipment manager for heavy contractors, and an inventory management system.

Pros

  • Supports AIA, T&M, free form and contract billing
  • Integrated modules including accounting and construction management

Cons

  • Requires consult call for pricing

Target Market

Small, medium, and large general, specialty, and heavy/highway contractors that need accounting software with detailed job costing as well as management of equipment and inventory.

Not Recommended For

Construction companies interested in cloud-based software as it is only available on-premise.

About INTERAC

INTERAC is a suite of financial and management software applications designed specifically for construction contractors. Developed by Intersoft Systems, Inc., the software provides an integrated, flexible, and user-friendly platform for job cost accounting and construction management, aimed at enhancing productivity and profitability for businesses.

Key features of INTERAC:

  • Payroll Management: Efficiently manages payroll processes, tracking deductions, benefits, and generating reports.
  • Seamless Integration: Works with other applications like General Ledger, Accounts Payable, Job Cost, and Equipment Cost for streamlined data flow and reduced errors.
  • Document Management System: Automatically generates and stores electronic files, checks, and W2s, reducing paper usage.
  • Labor Cost Tracking: Integrates with Job Cost system for accurate tracking and allocation of labor costs to specific jobs and phases.
  • Employee Hour Tracking: Facilitates tracking of employee hours, certified hours, and automated overtime calculations.
  • Job Manager Application: Offers a dashboard view for easy access to job data, historical transactions, and project management insights.
  • Detailed Job Tracking: Tracks job details including costs, change orders, and progress billing.
  • Comprehensive Suite for Contractors: Includes modules for Job Cost, Payroll, and other accounting functions like Accounts Payable (AP), Accounts Receivable (AR), and General Ledger (GL).
  • Asset and Inventory Management: Manages fixed assets, equipment, inventory, and purchase orders.
  • Manager Applications: Provides data access for different departments and decision-makers.
  • Customization and Flexibility: Offers a flexible system that can be tailored to specific needs.
  • Powerful Job Tracking Tools: Includes Job Manager, Equipment Manager, Report Manager, and Document Management System for comprehensive job management.
  • Extensive Payroll Features: Supports multi-state, multi-locality, certified, union, prevailing wage, and worker’s comp calculations.
  • Data Integration and Compliance: ODBC compliant, facilitating easy data import, export, and sharing.

Additionally, INTERAC’s integrated HR and payroll system streamlines employee data management, providing:

  • HR Dashboard: Offers real-time access to employee information with integration between payroll and HR systems.
  • Customizable Payroll Reports: Enables generation of tailored payroll reports to meet specific company needs.
  • Security Features: Protects sensitive information with selective access to the HR dashboard.
  • Electronic Document Storage: Reduces paper archives and stores various employee documents, enhancing efficiency in HR processes.

Industries Served

  • General and Industrial contractors
  • Heavy Highway contractors
  • Specialty Contractors
  • Professional CPA firms
  • Some general business
Price Range Learn More
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Product Overview

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User Reviews of INTERAC

★★★★★
★★★★★
Submitted on April 13th, 2023 by Anonymous

We have been satisfied clients of Intersoft Systems since 1999. We like the ease of use and flexibility of the software. It is advantageous that all of our accounting functions are processed under one platform but the data is easily imported/exported into other software. Intersoft continues to enhance and improve their products and listens to customer requests for changes. On the rare occasion that we need assistance, their customer support team always goes above and beyond to ensure a satisfactory resolution.

★★★★★
★★★★★
Submitted on April 13th, 2023 by Anonymous

We have been in a partnership with Interac for about ten years. The initial data gathering was very detailed and thoroughly planned out because we wanted very specific reporting capabilities to reproduce what our current systems were generating. Our Interac group worked with us one on one remotely to make sure the system was set up for our success and would give us everything that we needed through their custom reporting. The onsite go live was great and our staff used the few days of training to really get moving with the system and we have never looked back. Over the years, we have made requests that we felt would make the system better and the Interac team has implemented many of those requests without any additional costs. The software is very easy to use and supports file uploads from excel which saves a huge amount of time. Furthermore, the software is very inexpensive compared to other competitive software in the market and we have never incurred additional fees above their standard pricing for any support related help that we have needed. We have developed a great relationship with our support team over the years and would highly recommend their services and software.

★★★★★
★★★★★
Submitted on April 13th, 2023 by Anonymous

Since implementing INTERAC in 2003, our company has utilized many of the applications offered. We especially like the Job Cost and Job Manager functions to be able to keep up with the progress of our jobs. The best feature to date is having the capability of creating custom reports based on our company’s needs. We have been a leading electrical subcontractor for over 30 years and know we will keep leading with running our projects as efficiently as possible. We have worked closely with Bitsy and Paul for the past 20 years and with each interaction-they are reliable, smart, and very friendly! It’s nice knowing that when a problem arises, or a question comes up, we can send an email and it’s immediately responded to. Periodically throughout the year we are sent the latest release to make sure we have the most up to date software and any corrections that had been brought to their attention. If anyone is considering INTERAC for their software needs-we highly recommend INTERSOFT and their team.

★★★★★
★★★★★
Submitted on April 13th, 2023 by Jessica M. Thury

I have been using INTERAC software since 1999 as an employee of FPI Paving Contractors, Inc. As a new asphalt paving contractor, FPI needed a software that could accommodate a small start-up business with the intention of becoming a large corporation. Since then, FPI has grown into a large corporation, and INTERAC software has proven its worth without question. The ability to do payroll in house with the Payroll function has saved a substantial amount of money by not using a third party payroll service. The Equipment function allows control of shop costs as well as equipment maintenance, costs, etc. The Import/Export function enables FPI to upload data from a third-party time-card software into Payroll and several other applications, saving time and effort of duplicate entries. Intersoft has some of the same employees I have talked to since 1999, which to me, shows a great testament to their work environment, community, and ethics. Customer support at Intersoft has never had a question they couldn’t answer and will help in any way to create more efficient workflows for the ease of our team. As a long time INTERAC user, I would highly suggest INTERAC software.

★★★★★
★★★★★
Submitted on April 13th, 2023 by Anonymous

I have used Interac Software for over 30 years in a multi faceted construction firm (General Contractor, Heavy, Highway, and Utilities). Throughout that time I have looked at other accounting software to assess whether changing would be beneficial. What I found was that many other companies were very proprietary and inflexible. Intersoft software provides our staff with the ability to have more control over our system processes and workflows than what others can provide. The flexibility along with a more affordable pricing structure has kept us in the Intersoft family all these years.

★★★★★
★★★★★
Submitted on April 13th, 2023 by Anonymous

We have been a customer of Intersoft Systems Inc. since 1984. We use the Payroll, Accounts Receivable and Time & Charges software. We use the Payroll application on a wide variety of clients. The flexibility the software provides is crucial in providing accurate data to our clients. The ability to easily import and export data provides us with a dependable link between our accounting and other products.

We use the Accounts Receivable and Time & Charges applications for our own internal use. Time & Charges keeps track of our Work In Process plus our employee’s time for payroll purposes.

The cost of the software is very reasonable compared to other software companies.

The support from Intersoft Systems, Inc. is outstanding. They are always quick and professional to help with any problem that arises. After using a short time, your call for support is almost non-existent.

★★★★★
★★★★★
Submitted on December 16th, 2013 by Anonymous

Complete accounting package.

The Good…

Good product. Excellent support. Easy to work with support team. knowledgeable, courteous, and responsive.

The Bad…

Nothing really comes to mind.