LiveCosts

Construction Invoice Software

Stop losing hours to invoice admin, we capture the data and match it to your budgets.

No manual entry. No missed costs. Just clean, connected data that keeps every project on budget.

With AI-powered line item extraction and 3-way matching, LiveCosts takes invoices from inbox to approval in seconds.

Rated 4.8 / 5 Verified Accounting Marketplace Reviews

"Screenshot showcasing the 3-Way Match feature in construction invoice software by LiveCosts.com, highlighting seamless tracking of purchase orders, deliveries, and invoices for the 109232 Fit Out Project, with status updates such as 'Closed,' 'Delivered,' and 'Approved.''

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How does invoice software help contractors ?

Every business must process invoices, but doing it manually wastes time, risks mistakes, and thats before it is costed to a job !

LiveCosts automates this process by extracting invoice line items using AI, applying 3-way matching, and connecting every invoice to your budgets, POs, and deliveries.

Beyond faster approvals and fewer errors, LiveCosts helps you build a reliable database of historical prices, giving you the insight you need to compare costs, spot trends, and make smarter purchasing decisions.

Automating invoice processing reduces data entry errors by up to 90%, minimising discrepancies and disputes. (Source: Gartner)

"Screenshot displaying an invoice breakdown within construction invoice software, showcasing itemized quantities, descriptions, and prices, enabling efficient cost tracking for construction projects."
What makes us different ?
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Built By Contractors

Designed by construction industry professionals, LiveCosts tracks job costs the way contractors actually work.

Circular Check mark for Section Text describing how the job costing software is created by contractors for contractors

Easy To Use

LiveCosts has been designed with ease-of-use in mind. LiveCosts is powerful yet simple. Set up is achieved in hours, not weeks.

Circular Check mark for Section Text describing how the job costing software is created by contractors for contractors

Great Support

Get real support from industry experts who understand job costs. No bots, just fast, reliable customer service when you need it.

We deliver on customer support

Does This Sound Familiar ?

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Slow Invoice

Data Entry

Manual data entry of invoice details is time-consuming when processing large numbers of invoices

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Difficulty Matching Invoices to POs

Struggling to reconcile invoices with POs and delivery records causing delays.

"Simplistic document icon with an exclamation mark, representing alerts or issues within construction invoice software for efficient error tracking."

Inefficient

Manual Approvals

Delays caused by manual approvals and disjointed workflows slow down invoice processing.

Invoice Software Benefits

Effortless Invoice Entry with AI

Simplify invoice processing with our powerful AI invoice extraction feature. Upload invoices directly to the system, and let the software automatically capture key details like supplier names, dates, and all line items. With seamless integration, you can post invoices to Xero, Sage, or QuickBooks with just one click, ensuring consistent and accurate financial records.

"Screenshot displaying an invoice breakdown within construction invoice software, showcasing itemized quantities, descriptions, and prices, enabling efficient cost tracking for construction projects."
"Screenshot of a budget report within construction invoice software, displaying budgets for substructure, foundations, and concrete, with visual progress indicators highlighting efficient cost management under budget."

3-Way Matching

Ensure every invoice matches its corresponding purchase order and delivery record with our automated 3-way matching system. This feature helps you prevent discrepancies, avoid disputes, and ensure all costs are accounted for correctly.

Invoice Approvals

Create approval workflows for your invoice processing workflow. Set amount limits or have a project manager approve all project related invoices, the choice is yours.

"Screenshot of open purchase orders within construction invoice software, featuring real-time status updates like 'Sent,' 'Delivered,' and 'Part-Delivered' for the 109232 Fit Out Project."
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What Our Customers Say

“We have seen a significant reduction in the time our accounting and administration team need to take on a week-to-week or month-to-month basis to reconcile our supplier accounts. We now have easy access to information, and the purchase order system, along with the matching of invoices to purchase orders, has been particularly beneficial to us. It’s brought a level of control into our organisation.”

Cut The Chaos : How Modern Tech Helps Accounts Teams Control Job Costs

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Invoicing FAQ's

What is construction invoicing software?

Construction invoicing software is a tool designed to simplify invoice management for contractors. It automates tasks like invoice creation, tracking, and approvals to ensure accuracy and compliance.

How can construction invoicing software help with financial compliance?

Construction invoicing software ensures accurate cost tracking, enhances financial reporting, and helps companies comply with tax and regulatory requirements by automating invoice matching and maintaining detailed records.

Can this software integrate with my accounting tools?

Yes! Our invoicing software integrates seamlessly with popular platforms like Xero, QuickBooks, and Sage, ensuring consistency across your financial workflows.

How does this software reduce manual errors?

By automating invoice creation, tracking, and 3-way matching, the software eliminates the need for manual data entry, significantly reducing errors.

Can I track invoices for jobs without purchase orders?

Yes! Our software allows you to track and allocate invoices to job budgets, even when they are not associated with a purchase order, providing flexibility for your projects.

Does the software support multi-currency invoices?

Absolutely. Our invoicing software supports multiple currencies, making it ideal for projects with international suppliers or subcontractors.

What is the 3-Way matching process in construction invoicing?

3-Way matching cross-references the purchase order (PO), goods receipt note (GRN), and supplier invoice to ensure accuracy, preventing overpayments, fraud, and ensuring suppliers are paid only for delivered materials.

How does 3-Way matching benefit construction businesses?

3-Way matching reduces payment errors, prevents fraud, speeds up invoice approval, improves cash flow, and enhances financial reporting, ensuring construction companies only pay for what was ordered and delivered.

How can I prevent overcharging by suppliers?

Centralise rate documentation, use cost tracking software to link invoices to POs and deliveries, and implement automated tools like smart OCR to detect price overcharges and track rate variations.

What challenges do construction companies face in invoicing?

Construction companies deal with high volumes of invoices, complex supplier agreements, and deliveries. Without automation, discrepancies, delayed payments, and fraud can occur, leading to project delays and cost overruns.

How can construction invoicing software improve efficiency?

By automating processes like 3-Way matching, invoicing software speeds up approvals, reduces manual workload by up to 70%, improves accuracy, and strengthens supplier relationships while maintaining cash flow.

Why is tracking material rates important in construction?

Managing project-specific material rates ensures construction projects stay on budget. By linking invoices to purchase orders, companies can catch overcharges early, adjust for market changes, and generate reports for transparency.

These FAQs address key pain points and solutions based on your posts, helping potential customers understand the value of construction invoicing software.