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JOBPOWER is a free online platform that allows individuals and companies to buy or sell jobs, career services and recruitment. They offer job-matching tools for employers like resume building, interview coaching and multiple search filters. With a wide selection of more than 50+ countries and 350+ cities available at the moment they are considered one of the best providers on their market.
General contractors, subcontractors, and homebuilders will benefit from JOBPOWER accounting software. It allows you to keep track of work expenses, payables, receivables, union reports, budgets, subcontracts, and Orders for Change, among other things. JOBPOWER is available as desktop software or as cloud-based applications. Prices aren’t listed on the website; for additional information, contact JOBPOWER sales.
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JOBPOWER’s Recommendations
Contractors that want an ERP system with fully integrated staff location tracking, equipment management, and Management of Documents capability might consider JOBPOWER.
JOBPOWER Is Particularly Beneficial For
- Construction businesses who wish to monitor employee location may use JOBPOWER’s GPS location tracker and map, which enables field supervisors to watch their workers’ whereabouts remotely. This feature contributed to its inclusion in our list of the top construction accounting software.
- Companies in the construction industry looking for integrated work costing and accounting software should: A built-in Job Estimation system in the application allows you to manage and report on essential task data including budget against reality, committed expenses, and work-in-progress (WIP).
- Construction businesses wishing to apportion equipment expenditures should do so as follows: Contractors may establish hourly or daily prices for equipment to apply to contracts, as well as track equipment overhead expenditures like as repairs and upkeep.
JOBPOWER Isn’t Right For You
- Companies that need a fully functional mobile accounting software include: The mobile app is solely for monitoring employee time and location, and it isn’t designed to help you with your bookkeeping. Read our post on the top mobile accounting applications if you need a strong tool to handle your books on the move.
- Companies searching for dependable software support might choose JOBPOWER, which offers free updates for the first year of usage. You can only access software updates after the free support term ends if you have a support subscription or pay for upgrades as they occur. For dependable, limitless, and free assistance, we recommend QuickBooks Premier Contractor Edition. QuickBooks Premier is an annual subscription-based program. You may receive free support and updates as long as you’re a subscriber.
- Companies that use Xero and QuickBooks Online: For a smooth link between construction management and accounting, Buildertrend features QuickBooks and Xero connectivity.
Are you on the lookout for something unique? Check out our top selections in our guide to the best small company accounting software.
JOBPOWER Advantages and Disadvantages
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Pricing at JOBPOWER
For both the desktop and cloud versions of JOBPOWER, there is no upfront fee. If you pick the desktop version, you will get one year of unlimited and toll-free telephone assistance. You may purchase a support plan once the free assistance term has ended. The cloud version’s pricing includes maintenance, unlimited upgrades, and cloud hosting expenses, according to JOBPOWER.
Competitors vs. JOBPOWER
JOBPOWER is a construction accounting and administration software that bills itself as a one-stop shop for construction enterprises. JOBPOWER, on the other hand, falls behind its rivals in terms of construction accounting and ERP capabilities.
When compared to Buildertrend and Sage 100 Contractor, JOBPOWER comes out on top.
Buildertrend with QuickBooks Online Plus is clearly the best software in this comparison. Buildertrend’s construction management tools are so good that combining them with QuickBooks Online Plus produces a seamless ERP environment for construction enterprises. Buildertrend with QuickBooks Online Plus, on the other hand, is pricey, beginning at $429 per month.
Because we don’t have access to upfront price for JOBPOWER and Sage 100 Contractor, we can’t compare them to Buildertrend. If you believe Buildertrend with QuickBooks Online Plus is beyond of your price range, you may contact JOBPOWER or Sage sales for additional information. Alternatively, for additional software options, see our list of the top construction accounting software.
Accounting Features of JOBPOWER
JOBPOWER has a number of contractor-specific capabilities, including certified payroll, AIA billing, and budget vs. real reporting. It can assist contractors in producing accurate cost estimates for industrial, commercial, residential, and customized projects.
Ledger General
A Ledger General tracks accounts payables (A/P), accounts receivables (A/R), and payroll costs. These are carried to your Ledger General automatically to minimize errors. Miscellaneous journal entries may also be added to the Ledger General. This feature gives you a complete accounting editing trail, which can be accessed at any time.
Ledger of Employment
Aside from the Ledger General, JOBPOWER also has dedicated Ledger of Employments where you can account for expenses per project. You can generate a summary report to see the projected income (loss), total cost incurred, billings, and detailed construction costs:
Sample Ledger of Employment Summary (Source: JOBPOWER)
Purchase Orders and Billings
The A/R module enables you to bill your clients through various means, such as AIA billing, time and material (T&M) billing, recurring billing, and unit billing. The program posts billings automatically to the Ledger General, A/R, and the customer and Ledger of Employments.
Purchase order templates are available on JOBPOWER in a variety of formats (POs). You may choose a template that corresponds to your PO forms. The PO’s usual layout is classic. If you don’t care about aesthetics, JOBPOWER’s default design is fantastic:
Purchase Order Template by Default (Source: JOBPOWER)
Accounting Percentage of Completion
Using the percentage of completion approach, JOBPOWER may provide a job profit report (PCM). If your construction firm works on long-term building projects, this report will come in handy. The amended contract price and initial budget, as well as modification orders, are included in the report.
The percentage of completion is calculated by dividing the expenditure to date by the initial budget. The revenue collected as of the reporting date appears next to the percent complete column. Multiplying the amended contract price by the percent complete yields the revenue earned:
Sample Job Progress Report with Completion Percentage (Source: JOBPOWER)
The PCM is in line with ASC 606’s revenue recognition approach. Revenue from Customer Contracts, where revenue is recognized over time as the company meets all of its performance requirements. In the case of construction businesses, this report may be used to track earnings over time by utilizing the percentage of completion as a reliable and fair way to measure income received.
The excess or under billings are another essential component of this report. Excess billings indicate that you are billing more than the income collected, whilst under billings indicate that you are charging less. Excess billings result in a contract asset or accrued revenue, whilst under billings result in a contract obligation or deferred income. You may use this data to evaluate your billing pattern and make sure that client billings and revenue collected are substantially in sync.
Payroll
You may print payroll checks and direct deposit vouchers, as well as electronically submit W2s and 1095 forms, using JOBPOWER’s payroll module. Supervisors may also input time from the office or the field by job, labor class, and cost category code. JOBPOWER can import data from popular timekeeping programs such as AboutTime, ExakTime, and JobClock:
Module for payroll (Source: JOBPOWER)
Companies who do not wish to outsource their payroll to independent certified public accountants might save money by using JOBPOWER’s payroll module (CPAs). The payroll module, on the other hand, is only useful if you have an in-house CPA or accountant that handles payroll. If you intend to perform your own payroll, JOBPOWER’s payroll module offers the finest user experience and convenience of use.
Features of JOBPOWER Construction Management
Construction management capabilities in JOBPOWER will assist you in keeping track of construction expenses and activity. The dashboard (shown below) provides you with a bird’s-eye perspective of your finances by displaying important statistics and information. In pie charts, you may examine anticipated and actual expenses. A list of open jobs appears below the charts, with the contract price, budgeted expenses, billings to date, costs to date, and % of completion:
Table of Contents (Source: JOBPOWER)
Job Estimation
You can track all job-related details in a single job-costing platform. When creating job budgets, JOBPOWER lets you import data from Excel and other popular estimating software, such as ConEst and Vision InfoSoft. You can track projected versus actual budgets and Orders for Change, process lien waivers as the job progresses, charge equipment costs to jobs, and generate reports, including detailed job cost history, Ledger of Employment summary, committed cost, and job financial status.
Orders for Change
Unforeseen circumstances during construction are commonplace. When a change is necessary, JOBPOWER can help you document Orders for Change to reflect changes in the construction schedule, plan, contract price, and projected profit:
Change Order Example (Source: JOBPOWER)
JOBPOWER creates a change order form that details the modifications to the construction plan and contract pricing. The form’s layout is conventional. The possibility for the consumer to electronically sign the document is, however, something we’d want to see improved.
Management of Documents
All forms of documents, including Word documents, Excel files, and work site images, may be stored and managed. You may generate and monitor charge notifications, submittals, and requests for information (RFIs), as well as configure multiple levels of protection for each document and search for information quickly using PO numbers, vendor names, and keywords.
Monitoring of Subcontracts
The subcontract module is tied to A/P and Job Estimation, and it tracks information about your subcontracts, including retainage, back charges, paid-to-date amounts, and Orders for Change. You can post subcontracts and POs directly to jobs and generate customizable subcontract agreements:
Report on the Status of Subcontracts (Source: JOBPOWER)
Reports
Income statements, cash flow statements, and a balance sheet are examples of financial statements that may be prepared with JOBPOWER. Other kinds of reports produced by JOBPOWER include job management, vendor, billing, inventory, and payroll reports:
Income Statement Comparison (Source: JOBPOWER)
JOBPOWER may create financial statements using either the completed job way of accounting or the percentage of completion technique. The revenue and expenditures of unfinished projects will be included in the balance sheet on a completed work basis. All of these things will be added to the revenue statement after the project is done. Income and costs are provided depending on the proportion of the task completed in the percentage of completion format.
Customer Service and Usability
New customers will appreciate the fact that JOBPOWER provides one year of free phone support. JOBPOWER’s customer service department is open from 9 a.m. to 5 p.m. Eastern time, so if you’re in the Pacific time zone, the help line will end at 2 p.m. JOBPOWER’s user interface is simple to read and comprehend. Because the reports are simple black and white, they may need a visual boost. We suggest Buildertrend for company-branded reports and QuickBooks Premier Contractor Edition for industry-specific and extensive general accounting reports for superior reporting.
Alternatives to JOBPOWER
Conclusion
JOBPOWER provides a “all-in-one” solution for accounting and construction management. It contains ledgers, POs, bills, and payroll, among other accounting tools. When compared to Buildertrend with QuickBooks Online Plus, JOBPOWER falls short in terms of construction accounting and ERP functionalities. Furthermore, the program isn’t designed for do-it-yourself (DIY) accounting, and it takes a CPA with knowledge in construction accounting to effectively use the software’s functions, particularly for tax reporting.
