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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. Fariba Mehdian.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. « Considering New Accounting Software? Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. Tags accounting.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. Is There No Free Lunch or Construction Software? Tags accounting.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. STRATEGY |. MANAGEMENT |. MARKETING |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. If the answer is no, then now may be the time to start looking into new tools and software programs that can make your job—and your life—easier. Is There No Free Lunch or Construction Software? Tags accounting. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Software.