Latch - 2026 Pricing, Features, Reviews & Alternatives

Latch is an AI-powered financial intelligence and bookkeeping platform designed specifically for home service contractors and construction businesses. The software provides real time cash visibility, job costing capabilities, accounts payable and receivable intelligence, and chief financial officer level insights through an automated system that connects directly to existing accounting software and business systems. The platform serves contractors across multiple trades including heating ventilation and air conditioning, roofing, plumbing, electrical, concrete, landscaping, restoration, pest control, and general contracting. It supports businesses from one million to one hundred million in annual revenue and accommodates individual contractors, multi-location franchise groups, and private equity backed construction companies that require sophisticated financial oversight without the expense of full time financial executives.

The platform delivers comprehensive financial intelligence through features that operate continuously and automatically. The system monitors connected data sources and provides conversational access to financial information via text messaging or application interface. The accounts payable and accounts receivable intelligence module analyzes payment obligations and outstanding receivables to inform cash management decisions. The financial scan feature employs detection algorithms to identify duplicate transactions, fraudulent activity, and wasteful spending patterns within financial data. Real time cash position tracking displays available funds and payroll coverage capacity. Weekly financial snapshots deliver automated summaries via text messaging each week. The revenue anomaly detection system monitors income trends and generates alerts for irregular patterns. Service line analysis breaks down performance across business segments and the platform generates profit and loss statements, balance sheets, and cash flow reports for any specified period. The thirteen week cash forecast projects future positions based on historical patterns and pipeline data. Spend reporting categorizes expenditures by vendor and category over defined periods. Margin trend analysis tracks changes in profitability over multiple intervals and the overhead and break even analysis calculates the revenue threshold required to cover fixed costs. Scenario modeling tools allow testing of financial outcomes under different conditions. CRM connectivity enables pipeline and backlog intelligence while billing gap detection identifies delays between service delivery and invoicing. Job costing functionality delivers real time profitability analysis at the project level and work in progress scheduling formats data according to completion accounting standards required for bonding and surety. Advanced reporting includes metrics that meet private equity and banking requirements. The platform also tracks marketing and sales key performance indicators and supports capacity planning and geographic expansion modeling. Certified payroll summaries with prevailing wage tracking ensure compliance with regulatory standards.

The platform integrates directly with QuickBooks Online as its primary connection point by reading data in real time without requiring replacement of existing accounting systems. It connects to banking institutions to access transaction data and cash balances automatically and to customer relationship management systems to unlock pipeline visibility and backlog intelligence features. The software operates as an overlay on top of existing business systems and extracts and analyzes data from connected sources to produce intelligence outputs. Multi entity configurations with intercompany elimination capabilities accommodate complex organizational structures and an application programming interface architecture allows continuous monitoring of data sources and delivery of automated insights without manual data entry.