The Howdy Glossary

Foundation Software is a specialized construction accounting software designed for commercial, heavy/highway, and residential contractors. It includes features like job costing, project management, payroll processing, and financial reporting tailored to industry needs. The platform allows handling multiple pay rates, unlimited deductions, and union requirements while tracking labor costs against budgets in real-time and managing vendor payments efficiently. Founded by Fred Ode in 1985 to address the specific operational needs of the construction sector, Foundation Software has grown into a trusted solution offering robust functionalities suitable for various contracting projects.

Foundation Software's unique focus on the construction industry sets it apart from competitors such as Procore, Viewpoint, Sage 300 Construction, and QuickBooks for Contractors. Each competitor offers similar features like project management and job costing but lacks the same depth of specialization. Foundation Software excels with its ability to manage complex pay rates and union requirements while providing real-time labor cost tracking against budgets. This comprehensive approach to financial management within construction projects helps contractors streamline operations significantly.

Foundation Software's competitive advantages lie in its specialized focus on addressing the intricate needs of contractors through features like handling multiple pay rates and seamless vendor payment integration combined with general ledger transactions. This tailored functionality aids contractors in improving operational efficiency and financial management across various construction projects. By focusing specifically on commercial, heavy/highway, and residential contractors' unique challenges within the industry’s complexities, Foundation Software establishes itself as a reliable choice for those seeking specialized accounting solutions that enhance both operational efficiency and financial oversight in their projects.