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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. Not All Construction Software is Created Equal » Being the Best. I think it’s a great way to keep the education ongoing like I talked about two weeks ago. 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. Simple Software » Construction Business Owner Attends APWA 2011 Congress. The show had more than 125 education sessions and hundreds of exhibitors covering nearly 90,000 square feet of exhibit space. Tags accounting.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. NEWSFLASH: In the exciting world of construction accounting software, the inmates are in control. Chaos reigns and some very ugly accounting software systems have infected the back offices of construction companies nationwide!

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. What I’m getting at here isn’t just that we should never stop learning, but that we should be more proactive about our education in every aspect of our lives! Education leads to improvement, efficiency, and profitability! STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. I think it is important that business owners never stop learning, so I read a lot of books to further my education on how to make my business the best it can be. Take Foundation Software, for example. Tags accounting. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. The Difference Between Selling Used Cars and Selling Software » World of Concrete 2011. Very excited about taking our popular educational webinar series on the road. Is There No Free Lunch or Construction Software?