Application For Payment Sample

Trouble With Getting Paid On Larger Projects?

• Change Orders and Related Payments?

• Multiple Progress Payments to Track and Report?

• Project Baseline, Changes and Payments to Report?

A lot of contractors use QuickBooks for contractors to keep track of the job costing and invoicing their customers and it works well if all you have is a few simple invoices.

The problem is when you get beyond two invoices, add some job deposits and change orders the process gets real tricky because there is no "Magic Button" in QuickBooks for contractors that will generate an invoice that makes sense to your customer.

Our founder Randal DeHart, used QuickBooks for contractors in his construction firms for many years and he understands the frustration of trying to make QuickBooks for contractors do things it is not designed to do.

He developed an Excel program for complex invoices which we use to generate application for payments for our contractor bookkeeping clients. You do not need any excel skills because we do everything for you!

These application for payment invoices show the money trail from beginning to end in a way that everyone can understand and appreciate which means you get paid faster, with less hassle and your clients will love you for it!

These are commonly known as either Application for Payment, Pay Applications, Payment Applicatoins or G702 G703. The construction bookkeeping is done in QuickBooks and during the QuickBooks setup there are some special accounts and lists that we install ahead of time. These more complex invoices have the ability to keep track of multiple deposits, payments, change orders, payment history and running totals in a way that your customer can follow. We prepare these as part of our bookkeeping for contractors package and send them to you as often as you need them. See our Application For Payment Checklist.

Fill out the form on the right for a free sample

Outsourced Construction Accounting Services

Outsourced Construction Bookkeeping Services

About The Author:

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.

Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Follow Randal on Google+