construction payment management Archives

Construction company accountant calculating the percentage of completion

Blog Post

A Guide to the Percentage of Completion Method for Contractors

For most working taxpayers, accounting for income is as simple as keeping a record of W2 documents they receive from their employer. If you run

August 3, 2021 No Comments

General Contractor Reviews Pay App Questions and Problems in the Field

Blog Post

5 Ways General Contractors Can Reduce Stress Over Pay Apps

If you’re in the construction business, you know all about pay apps — and the challenges they bring. Your business might even spend considerable time

January 21, 2021 No Comments

Subcontractor figuring out AIA G702 form errors

Blog Post

Avoid These Five Common Mistakes on
AIA G702/G703 Forms

If you are a subcontractor working on commercial projects, you are all too familiar with payment applications. They are more complicated than invoices but serve

November 3, 2020 No Comments

man overwhelmed with manual payment processes

Blog Post

How to Automate the
Payment Reminder Process

Every contractor strives to make running their business easier. The problem is that late payments frustrate every effort you make to improve service delivery as

September 1, 2020 No Comments

Overwhelmed with billing at the end of the month? Flashtract's Construction Business Software can help you. Image depicts office worker buried beneath a stack of paperwork and filing cabinets.

Blog Post

Billions Lost Per Year Due to
Slow Construction Payments

Studies revealed slow payments cost general contractors a startling $64 billion in 2019. This is $24 billion more than in 2018, revealing this issue is only growing. Learn more about how to avoid slow payments in this blog post.

January 28, 2020 No Comments