Contractor V Review - why 2.8 stars?

Shlomi Lavi / updated: Oct 29, 2022

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What is Contractor V?

Contractor V is a comprehensive financial management solution for construction businesses. The software offers a wide range of features for job costing, accounting and other financial aspects of construction projects. The software incorporates all the modules and features that are considered an integral part of financial management solutions.

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Who is it best for?

Contractor V is a good solution for companies that are looking to transition their existing systems from QuickBooks or Excel to a more advanced solution. As such, it is mainly designed for small and medium business ventures. The software has been deployed in the accounting departments of many industries and organizations.

In the construction industry, the software has been deployed by general contractors, engineering firms, construction management firms, and specialty contractors. Multiple deployment options offered by the software make it flexible for specific needs of your business. Some notable clients of Contractor V include J & M Interior Specialties, Inc., H & H Steel Enterprises, Inc., Associated Builders & Contractors, Inc., and Seal Electric Inc.

Main features and functionalities

Contractor V offers a wide range of project management, estimating, accounting and service management features. Salient project management features of the software include change orders, contract and cost management, daily log, and scheduling. Estimating features of the software include cost database and item list.

The software offers more accounting features than most other similar solutions in the market. The wide range of accounting features offered by Contractor V include accounts payable and receivable, AIA billing, bank reconciliation, general ledger, job costing, materials management, payroll processing and others. In the area of service management, you can benefit from the features of inventory management, purchasing and work orders. Contractor V also offers integration with Microsoft Excel for the purpose of report creation and manipulation.

What is the actual cost?

ITQlick pricing score is 5.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Contractor V. You can also find here pricing information from Contractor V's website.

Pros

• The software can be integrated with Microsoft Excel and QuickBooks for the purpose of report creation and manipulation.
• The software can be interfaced with online certified payroll compliance programs for enhanced functionality.
• Round the clock customer support service is available through multiple channels.
• Modular nature of the software allows purchasing specific modules without paying for the complete package.
• The software can be interfaced with some other accounting applications such as Aligo and Servicom’s Service.

Cons

• Contractor V does not have dedicated app for mobile devices such as smartphones and tablets.
• The software supports only Windows platform and does not offer any support for Mac OS based systems.
• The software offers integration only with Microsoft Excel and not with various other popular applications such as Microsoft Access, Project, Outlook, and Primavera.
• In the service management module, the software does not offer the important features of service agreements and service contracts.
• Project management module of the software does not have any features for equipment management and timecard handling.

How it stacks up?

Access a head to head analysis of Contractor V vs alternative software solutions.

Frequently Asked Questions (FAQs)