You’ll pay a set subscription fee per month, with add-on fees per user for some platforms, for your accounting software. These costs are typically quite low compared to those of other types of construction business software.
Nondiscounted pricing for the best accounting software for contractors starts at $15 per month. Additionally, the accounting software vendors on this list don’t charge extra for setup or implementation, although other services may impose these additional fees.
Accounting software’s low starting prices reflect service packages that may serve your construction firm well at first but prove limiting over time. As your business grows, you’ll likely need to upgrade to your vendor’s highest-end plans, which may cost hundreds of dollars per month. However, you may also be able to make do with midrange accounting software packages that add some, but not all, possible tools. In that case, you’re typically looking at slightly less than $100 per month.
With some accounting software, the cost of credit card processing may also be a factor. Namely, if your construction firm accepts client payments online, you may need to pay 1.5% to 3.5% of each transaction’s dollar value. A small additional flat fee may apply ― for example, credit card transactions commonly incur fees of 2.9% plus 30 cents. For a $1,000 transaction, that’s 0.029 * $1,000 plus 30 cents = $29.30. If you set up client payments solely within your accounting software, not other platforms, you can avoid additional subscription charges and thus offset these fees.
The starting price for the best accounting software for contractors, without discounts, is $15 per month. You may wind up paying slightly under, or significantly more than, $100 per month to add advanced features or more team members.
