The 5-Point Monthly A/R Audit Checklist Every month, review your A/R Aging report with project managers and ask:
===Which customers owe us money?
===Which invoices are overdue?
===Which specific projects are affected?
===Is the root cause billing, approval, retainage, or...
Daily field logs are the starting point for accurate construction job costing.
Capture every technician’s:
Name
Project
Hours worked
Cost code
Work performed
Change-order reference, if applicable
When field hours are coded correctly, they can support payroll, project profitability,...
A small documentation gap can create a major billing problem.
The field team completes additional work, but the approved change order does not reach the office in time. Later, the amount is added to the G703 breakout without proper documentation.
The result?
G703 no longer matches...
Your project may be making less money than you think.
When job costs aren’t tracked properly, contractors can miss
Labor overruns
Material & subcontractor cost increases
Change-order costs
Jobs slowly losing margin
The result?
Lower gross profit
Cash-flow...
The $50,000 mistake: Paying a subcontractor without a Lien Waiver
Here is a common nightmare for General Contractors & Property Owners:
You pay your HVAC subcontractor $50,000 in full. Two months later, their material supplier places a mechanic’s lien on your client’s...