Progress Billing in Construction: SOV, Cash Application & AR Collections
Get a Progress-Billing & AR QuoteProgress billing should sync perfectly with construction bookkeeping—from SOV to cash application. We structure SOV lines to match cost codes, invoice percent-complete, track retainage, and reconcile deposits to statements. Your AR aging matches the GL, collections are scheduled, and month-end closes with CPA review and a period-lock recommendation.
Billing Flow
Step 1
Build SOV aligned to cost codes/items
Step 2
Invoice % complete; retainage withheld and tracked
Step 3
Cash application to jobs/codes; reconcile deposits
Step 4
Collections cadence with reminders and lien-rights awareness
What You Get
Clean AR aging (no negatives)- Deposit-to-invoice match; Undeposited Funds = 0
- Reports: AR by job, retainage receivable, WIP tie
CPA-reviewed and tailored for the construction industry
Frequently Asked Questions
Yes—SOV lines mirror cost codes so AR, WIP, and job P&L stay in sync.
Use Bank Deposit workflows by real-world deposit; cash app at invoice line level; reconcile monthly.
- If WIP and retainage drift, fix the WIP roll-forward next.
- Need sub-AP & 1099s on the other side?
- See full Construction Bookkeeping services.