Construction Accounts Receivable
Reviews and Ratings
Accounts receivable software tracks amounts owed by customers for products and services provided on credit and is used for monitoring effective cash management. The amount of cash collected for a job as compared to cash disbursed is an important component of measuring the financial health of an ongoing job. Progress bills for jobs in process affect accounts receivable. Accounts receivable is sometimes called “trades receivable” and is considered part of current assets. The total of Cash and Accounts receivable compared to Accounts Payable measure the liquidity of a business which is the ability to pay ongoing liabilities on a timely basis.
For free comparisons on how different construction software products handle the accounts receivable process, download the free Construction Software Selection Kit.
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