Automated Retainage Tracking
Dealing with retainage or payment holdbacks is a reality for most contractors.
Generalized accounting systems are typically not designed to account for retainage. Keeping track of your unbilled retainage
and all the retainage you are holding for subcontractors can cause a lot of headaches.
ComputerEase is designed to automatically handle and track retainage. Simply set the retainage amount for each job when
inputting the job in ComputerEase, and the system manages the rest. Pre-set retainage amounts will be automatically withheld and properly
allocated for each and every job, even for your subcontractors. You can also quickly obtain an accurate accounting of project spending at any time for any job, preventing
accounting problems.
Possible Retainage Issues
- Unbilled retainage owed to you at job completion
- Over-billing or crediting of retainage at the completion of work by a subcontractor
- Improperly allocated retainage funds which can skew financial data and cause problems in the case of an audit
ComputerEase Accounts Receivable and
Accounts Payable make it easy to accurately address, bill, and track retainage, adding directly to your bottom line.