SubTrade tutorial
Progress billing: SOV, claims and holdback
Set up a job for billing, claim by percent or amount, bring in change orders and track every dollar of holdback.
Build your schedule of values once, put in a claim every month in minutes, bring in approved change orders, and always know what you've billed, what you've been paid and what's still held back.
In this video you'll learn how to:
- Fill in the contract value, number and date in your project settings
- Start billing a project from an SOV template, with holdback and warranty holdback
- Put in a claim by percent complete or by dollar amount
- Bill approved change orders, credits, back charges and allowances
- Read the amount due, the project reconciliation and the holdback tracker
Your schedule of values has to add up to the contract amount. Once a claim is accepted, approve and lock it so the numbers can't change.
Download the PDF guide below for whoever does your billing.