LiveCosts

Accounts Payable

Construction Cost-Tracking Software for Accounts Payable

Enrich your accounting software with live accounting data on any construction project.
  • No more chasing employees and contractors for receipts
  • Enrich Xero, Sage, and Quickbooks with construction project data
  • See the accounting status of any construction project live
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visual of a dashboard showing aspects of a live construction project and its running costs

LiveCosts for
Accounts Payable

Regular accounting systems are just not designed to manage construction accounting workflows.

LiveCosts construction cost tracking software connects your estimating to your accounts, so all company stakeholders can collaborate in one place.

Instant invoice automation allows for automated 3-Way Matching, saving you in the region of 75-85% of your time compared to processing invoices manually.

Accounts Payable

Problems
LiveCosts Solves

  • Not being able to pull an instant status report
  • Managing hundreds of Cost Codes
  • Manual process of assigning costs to specific jobs
  • Can’t break down expenditure by project

We help you solve your business problems

section header of livecosts construction cost tracking software solution for construction business owners
livecosts feature icon for syncing construction estimating software to construction accounting software

Connect Estimating to Accounts

  • Apply 3-Way Match to everything
  • Track spend against estimates
  • Track spend against what is procured
  • See project accounting data live
icon image of alternative to excel for tracking construction costs

Automatically Map Transaction Data

  • Perfect integration with Xero, Quickbooks, and Sage
  • Transaction data is automatically mapped to your accounting software
  • No more manually entering project codes or suppliers
  • Improve project efficiency
livecosts feature icon for instant construction project status reports

Instant Project Status Reports

  • See how your projects are performing in the moment
  • Report on any custom time frame
  • Report on overall company financial health
  • Report right down to the project phase
feature header image of livecost construction project cost tracking software for business owners

Track Materials & Labour Against Projects

  • Close the data gap between what's happening and what's recorded
  • Track contractor labour across multiple projects and phases
  • See what materials have been delivered and at what price
  • No more chasing contractors for receipts
Client Story

Ashgrove Mechanical

Watch how Ashgrove Mechanical use LiveCosts to:

  • Save 1 day a week in Accounts
  • Live reporting on any project's costs
  • Catch and record price changes instantly
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Useful Resources for Accounts Payable

From blog posts to guide books, explore our library of content designed to make every construction business owner’s life easier.

Free eBook: Cost-Tracking for Modern Construction SMBs

Get This Guide

Blog Post: 5 Steps for a Successful Construction Project Budget

Read This Blog Post
PodCast: How To Successfully Implement New Technology Into Your Construction Company
Listen To this Podcast
Integrations
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Popular Features

Feature 1 | Project Dashboards for Construction

See key cost data about your projects, automatically, in live reports on a custom dashboard. Learn more about LiveCosts construction project dashboard.

Feature 2 | Construction Budgeting Software

Automate your purchase order accounting process. LiveCosts creates a simple construction purchase order system that is tailored to the unique requirements of a construction company or contractor. Learn more about LiveCosts construction budgeting software.

Feature 3 | Procurement Software for Construction

Work smarter, not harder, with the LiveCosts Request for Quotation feature. Issue requests for quotes to multiple suppliers and once, compare prices line by line all with fewer clicks and manual data entry. Learn more about LiveCosts procurement software for construction.

Feature 4 | Construction Time Tracking Software

Time is money. LiveCosts records time from the jobsite and assigns it directly to a project budget ensuring you have full sight of a project’s true costs in real time and how it is performing against its original budget. Learn more about LiveCosts construction time tracking software.

Feature 5 | Construction Material Tracking Software

LiveCosts delivery feature captures the delivery receipt from the field and applies it to the correct Purchase Order in a simple workflow. Learn more about LiveCosts construction material tracking software.

Feature 6 | Construction Invoice Software

LiveCosts electronic construction invoice software will allow you to become paperless overnight.

Feature 7 | Construction Price Catalogue Software

LiveCosts provides a digital construction price catalogue that stores your most frequently ordered materials and their various prices over time. Learn more about LiveCosts construction price catalogue software.

Feature 8 | Accounting Software Integrations

LiveCosts seamlessly connects your project data to accounts in real time. Learn more about LiveCosts construction accounting software integrations.

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No credit card required. No contracts to cancel. No setup fees. No hidden costs. No downloads.

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LiveCosts Software FAQs

How Can A Construction Cost Tracking Software Improve My Accounts Payable Process?

LiveCosts Construction Cost Tracking software for accounts payable connects construction estimating to your accounts, and keeps all crucial project data in one place. 

While the Instant Invoice Automation feature can reduce the time spent on manual invoice processing by roughly 75-85% through automating your 3-way matching process.

What Specific Benefits Does LiveCosts Provide For Managing Construction Project Costs?

LiveCosts construction cost tracking software can provide instant access to live accounting data on any construction project, and lets your key stakeholders see the accounting status of any job or project in real-time. 

LiveCosts also integrates perfectly with Xero, Quickbooks and Sage to enrich your accounting data. Your construction transaction data is automatically mapped to your accounting software, improving efficiency by taking away the need for manual data entry of project or supplier code. 

How Does LiveCosts Help in Reducing The Workload of Accounts Payable Teams?

LiveCosts cost tracking software for construction automates key accounts payable processes such as 3-way matching, financial reporting, managing cost codes and assigning costs to specific jobs. 

These processes can be time-consuming and often involve manual data entry. By automating these processes, LiveCosts can save your Accounts Payable roughly 75-85% of the time otherwise spent on manual entry. For some of our clients, this worked out to 1 day per week saved in Accounts.

What Makes LiveCosts Ideal For Accounts Payable Teams As a Construction Cost Tracking Solution?

LiveCosts construction cost tracking software gives you full visibility of your construction project accounting data and overall financial health. 

It connects estimating with accounts to provide real-time visibility and control over financial data, it integrates seamlessly with your accounting software to enrich construction project data and allows key stakeholders to see the accounting status of all construction projects in real-time. 

By automating key processes, LiveCosts can also dramatically reduce the amount of time your Accounts Payable team spend on manual data entry.