Accounting: Billing Options

There are four billing options 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.

Billing Reports Multiple billing options simplify invoicing , payment tracking, and more. Time & Materials Billing T&M Invoices T&M Journal T&M Summary Progress Billing AIA Fill-In AIA Format Unitary Billing Unit Billing Loan Draw Billing Loan Draw Request

Time & Materials Billing

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.

Both shown and hidden markups can be assigned to cost types, making calculation of the final billing automatic.

Progress Billing

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

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

Loan Draw Billing is designed for home builders or speculative builders who must submit percentage-of-completion loan draw requests to construction project lenders.