Budgetrac LEAD

4 / 5 13 reviews

Who Uses This Software?

Real Estate Developers Land Developers Home Builders Commercial Property Managers


Average Ratings

13 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $1,500.00/year/user
  • Free Demo
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • BudgeTrac Systems
  • www.budgetrac.com
  • Founded 1982
  • United States

About Budgetrac LEAD

Budgetrac Systems is a leading provider of accounting solutions designed specifically for real estate developers in the office, industrial, retail and residential industries and home builders. Developers like you have selected Budgetrac because it is focused on addressing you specific needs with modules like: project control, contract management, accounts payable, general ledger, lien tracking, payroll, loan draw and property management.


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Budgetrac LEAD Features

  • Accounts Payable
  • Accounts Receivable
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Cash Management
  • Construction Breakdowns
  • General Ledger
  • Job Costing
  • Overrun Projections
  • Payroll Management
  • Purchase Order Management
  • Quotes / Estimates

Budgetrac LEAD Reviews Recently Reviewed!

CFO

Aug 03, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: The software does not require an IT genius to repair if there are issues. I can pretty much go into the system and fix records that are damaged or missing with out calling Budgetrac support. I like that.

Pros: ease of use. It does what I need for a small contractor as well as record keeping for draw processes. The download into excel capabilities is very useful as well as pdf to send to others.

Cons: the Financial statement setup is a bit cumbersome and became too much work to program. I dump the information into excel and modify it that way for presentation purposes.

Budgetrac works well for tracking construction and maintenance costs.

Jul 27, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Budgetrac is easy to work in, not a complicated system. If we did run into a problem with something we were able to call support and resolve our problem in a timely manner. There is also a payroll module, not all programs include payroll.

Cons: The only thing I wish the program could do is to pull a report with hours on a job for a specific time period. The system will pull hours but it is from the start of the job

Mixed Use Real estate developer

Jul 26, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: Customer service is a big plus. I like that it is specifically geared towards our business. Existing reports are comprehensive and usually will cover any needs, but you also have the ability to create custom reports.

Pros: Very good for loan draws which is important as a developer. Very easy to separate development budgets into multiple phases, or consolidate, as preferred by lender, partner, owners, etc. Most software marketed to real estate is intended for builders and is overly complicated. This programs gives us what we need and is a great bargain. The customer service is great and they are very quick to solve any issues or questions that come up.

Cons: Property management module is probably the least flushed out; however, after using if a couple of years, it is adequate for our use. We tend to not hold onto properties for a long time so the shortcomings do not hurt us. Could use better documentation on this module and custom reports, but overall it works well for our purposes.

Really good, and robust

Jul 17, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
Likelihood to Recommend: 9.0/10 Not
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Pros: Overall, many Pros. Ability to organize data efficiently and separate items if/when needed. No complaints at all.

Cons: Not too many Cons to this SW. My team and I are happy with this product and we would use it again and again.

Our Picks for the Best Property Management Software

Jun 07, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: So we interviewed property managers and landlords across the country on the tools they use and the tasks that keep them busy every day. We learned there are a handful of must-haves: the ability to easily collect rent, manage maintenance requests, and advertise to new tenants, as well as robust accounting, reporting, and document management. We found 15 that met our features requirements; from there we tested each one for ease of use and customer service.

Pros: From there our task was simple: Figure out what property management software had the right features, and then see which were the easiest to use.

Cons: We started with a pretty wide lens, looking at software tailored to residential and commercial properties; for managers of hundreds of units as well as part-time landlords. (We skipped over the niche software ¿ vacation rentals require software that can manage new tenants every week, for example ¿ and preferred SaaS systems to desktop-only options.)

BudgeTrac is a joke. They lie. They steal. And now they're hiding.

May 19, 2017
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

Cons: Tried serving papers to them to sue to get our money back (that they agreed in writing they owed us) - but they've disappeared. Certified mail to the address still listed on their website is returned - left with no forwarding address. Tried several other addresses I found online, but those are returned as well. Emails are ignored. Phone calls get through to a machine, but messages are not answered. They promise refunds of prepaid license fees, but won't ever actually do it.

Budget management all in one

Apr 15, 2017
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: Very easy to use and effective. Good product!

Pros: This allowed me to manage track and stick to my budget all while using one single platform. The budget planning and tracking was very easy to set up and use. It was also very simple to teach to others

Cons: It would be nice if this software could be utilized as a crm as well. Unfortunately I have to use this and a crm simultaneously.

Love it, and wouldn't trade it.

Dec 14, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: I love it, has all the features I need and could ever want, wouldn't trade it.

Pros: Keeps track of all my data and can print out reports.

Cons: Can think of any...

Recommendations to other buyers: If you have been on the fence about getting this program..... Buy it now. It's going to make your life so much easier!

Property Management Change

Dec 06, 2016
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: I found this product to really be amazing. Prior to this, we ran our whole rental management and investment business off of excel worksheets. Sure this works, but when you expand you have nothing but headaches. The great part of this company is that it also has software for renovation/real estate development which makes it easier to work with one partner.

Pros: I love the usability and easiness of use of this product. It is simple to learn and easy to maintain. Cuts out a lot of repititive tasks.

Recommendations to other buyers: I would invest into a quality product, ex: budgetrac, when starting your business and not just growing it to save on headaches down the road.

Highly Recommend

Nov 23, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: Cost friendly. Love software. Support is great.Works well for our needs.

Pros: Saves time

Cons: None

Recommendations to other buyers: Highly recommend

BudgeTrac Software Review

Nov 10, 2016
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
Likelihood to Recommend: 9.0/10 Not
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Comments: I have used BudgeTrac for about 10 years and it has allowed me to track all aspects of a construction project. The software is very detailed and has many capabilities. The accounting component easily exports into our Skyline software.

Pros: The level of detail the program allows for you to utilize. The multiple modules gives you many options for a project.

As of Jan 2016 the software is still in beta version -full of errors and NOT useable.

Feb 04, 2016
1/5
Overall
2 / 5
Ease of Use
1 / 5
Customer Support

Comments: I've used Yardi, Argus, and host of complicated softwares. I mention this to let you know that this is not a user issue. Budgetrac is full of errors. For instance, a $363,000 payment with 10% retainage, it correctly shows retainage at $36,300, but instead of a payment of $326,700 Budgetrac made it for $294,000. In addition to math errors, phantom payments appear in expense reports, while some payments are dropped. Invoices often lockup and you can't delete or correct them before they are processed. Often invoices aren't "posted" which is required for the rest of the system to recognize them. Although they have a Customer Service number, they don't have any personnel - except for the implementation person, who is your only contact and you could wait over a week for him to respond. After 4 months of hearing promises of Budgetrac is correcting the system in the next upgrade, I finally asked for a refund - at which point they went quiet. I eventually had an attorney contact them at which point they offered a $1,750 refund of my $6,280 investment if I promised not to disclose all the problems I encountered. I didn't accept the offer

Budgetrac for the Construction professional

Aug 24, 2015
4/5
Overall
4 / 5
Ease of Use
3.5 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Pros: I found Budgetrac very user friendly. I utilized Budgetrac on a daily basis in my role as Purchasing Coordinator for a Custom Home builder.

Cons: There really isn't anything about Budgetrac that I didn't like. It worked great for what I needed it to do. I processed many subcontract agreements and with that there was a lot of budget related tasks that I used Budgetrac for.

Recommendations to other buyers: I would recommend familiarizing yourself with the different modules so that you get the most optimization of the software.