Billing guides for subcontractors
How pay apps, retainage and schedules of values work, each worked through with figures from one sample job.
What a pay application is, line by line
The continuation sheet column by column and the cover sheet line by line, with a worked example.
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Retainage calculator: figure retainage line by line
Retainage per line, rounded to the cent, with a calculator you can type into.
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Building a schedule of values from your proposal
From proposal lines to the billable lines the GC approves, and where change orders go.
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How to track retainage in QuickBooks Online
The Retainage Receivable setup, holding retainage on each invoice, and releasing it at closeout.
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