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Billing Options
There are four add-on billing modules to suit your company’s needs. With these formats, you can obtain records of prior and current billing applications. Prior billing applications are maintained in full detail so that you can examine early transactions for amounts that were carried forward.
Time & Materials Billing uses accrued job costs for a project as
the basis for billing. You can assign job-specific hourly rates for
employees and equipment and use a variety of formats and markup options
for each job to support different contract conditions. Progress Billing calculates and prints on the AIA G702 and G703 forms as well as a number of other progress billing formats. Use Progress Billing to create percentage-of-completion line item billing. It supports variable rate retention, stored materials, and automatic updating from change orders and job costs. Unitary Billing (similar to Progress Billing) calculates and prints billings for unit-based contracts. A number of printing options exist for both portrait and landscape formats. Form Design also lets you create your own formats.
Loan Draw Billing is designed for home builders or speculative builders who must submit percentage-of-completion loan draw requests to construction project lenders. |