These cookies are required for the website to function properly. They ensure security, enable basic features like page navigation, and store user session data. You cannot disable these cookies.
- Construction Accounting and Progress Billing
- Who it's for
- Construction finance teams
Construction finance teams
A construction finance team can rehearse both an owner claim and a supplier expense in one operating organization. Document Owner prepares the source amounts and counterparties. Billing Reviewer handles the certified claim, while Finance Reviewer makes the independent document decision on the current revision. Controller checks journal balance, period and cash applications. The linked records let finance explain which amount is still under review and which has reached posted books.
How Construction Accounting and Progress Billing is set up for you
Document intake
Capture the subject, document date, gross amount and source lines before asking for review. The counterparty should identify the party on the source document.
Claim evidence
When work is billed by certified progress, connect the claim to its parent document and retain the certificate reference and supporting attachment.
Financial outcome
Check the journal period and balance, then compare verified receipt applications with the posted source.
A construction finance team can rehearse both an owner claim and a supplier expense in one operating organization. Document Owner prepares the source amounts and counterparties. Billing Reviewer handles the certified claim, while Finance Reviewer makes the independent document decision on the current revision. Controller checks journal balance, period and cash applications. The linked records let finance explain which amount is still under review and which has reached posted books.
A practical case starts with one organization and a familiar business partner. The document owner prepares the record and source files. The reviewer returns an incomplete record with a reason or approves the examined revision. If the case involves progress billing, the billing reviewer checks the certified amount and certificate before the claim is marked complete. Controller follows the approved source into the journal and then reviews applications of verified cash.
Choose one recently finished billing or cost cycle. Enter its partner, source document, lines and files. Assign a second person to review it. Use a separate accounting period for the posting rehearsal and a verified receipt for a settlement rehearsal. Compare the resulting records with the source evidence so that the team agrees what each status means.
Also rehearse a returned claim. Leave its explanation on the decision record, correct the source and review the new revision. Keep a failed or incomplete operation visible until the controller can trace its parent and resulting effect. This approach gives the team a concrete set of records to check before it imports more open items.
Features to start with
Roles on the team
- Finance Reviewer
- Makes independent document decisions and checks source revisions.
- Controller
- Owns journal posting, period eligibility and reconciliation of accounting outcomes.
- Cash Specialist
- Verifies receipts and prepares applications to posted documents.
Set up Construction Accounting and Progress Billing your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.