![]() Purchase orders are pre-transaction documents. A contractor or sub’s payment application may include a number of invoices from different sub-tier businesses and vendors. These are typically a bundle of documents with all the relevant information to support the release of payments. Payment applications are used when payment is received, which then must be applied to an account balance. But that doesn’t mean invoices aren’t necessary. There are some other documents commonly paired with or used as an invoice. ![]() Of course, every construction business handles their invoicing differently, plus the relevant information on an invoice will change quite a bit depending on the work that’s being performed. The price and quantities for those goods and services.Invoicing is what keeps the cash flowing.Ī typical construction invoice will include: ![]() Essentially, it’s a written record of the purchase agreement. Invoices establish a payment obligation, thereby creating an account receivable. Tips for invoice review & approval proceduresĪn invoice is a document a contractor, sub, or supplier sends to their customer when payment is owed for work performed.Send conditional lien waivers with invoices for faster payments.
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