Masterclass Ep 38: Construction Billing Methods & Best Practices: Progress Billing

Billing for construction projects can get complicated.
The large scale and long-term duration of jobs, coupled with complex contractual obligations and costly overhead, makes choosing the proper billing practices essential to ensuring accuracy and faster payments.
Whether you’re using progress billing, cost-plus billing, or time and materials contracts, Jonas Construction Software has you covered. Our software is designed to help construction & service companies streamline their AR billing process.
In this installment of the Masterclass series, we’re looking at the most common construction billing methods, starting with progress billing.
Watch, for a discussion on progress billing best practices, and how Jonas enables you to keep your job costing and accounting in perfect sync.
What's covered:
The pros and cons of progress billing
Progress billing best practices and workflows
Managing lien waivers
Tracking & releasing retainage/holdback

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13:50 Is there an accounts receivable workflow?