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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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Delrin Joins *ISNetworld®

Safety Services Company

Safety Services Company is in no way endorsed, sponsored, approved by, or otherwise affiliated with ISNetworld®*, CQN®, Cognibox®, NCMS®, or other trademarks or registered of ISN Software Corporation. Contact us today and learn how we can help you with your contractor management platforms.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. SOFTWARE |. General Management. Software & Technology. Accounting & Finance. People Management. Equipment Management. New Year’s Resolutions for Construction Management » Merry Christmas! Is There No Free Lunch or Construction Software?

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. SOFTWARE |. General Management. Software & Technology. Accounting & Finance. People Management. Equipment Management. Considering New Accounting Software? I was doing some research on construction accounting softwares and came across your entry.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. SOFTWARE |. General Management. Software & Technology. Accounting & Finance. People Management. Equipment Management. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Tags accounting. accounting software.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. SOFTWARE |. General Management. Software & Technology. Accounting & Finance. People Management. Equipment Management. 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.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. SOFTWARE |. General Management. Software & Technology. Accounting & Finance. People Management. Equipment Management. « Considering New Accounting Software? Good on new and used equipment, including software. Tags accounting.