Sunburst Software Solutions Inc

Will Construction Application for Payment Solution maintain my QuickBooks Accounts Receivable & Retainage Receivable for me?

Because it is vital that you maintain complete control of your Accounts Receivable and your Job Costing, CAPS does not write any information to the QuickBooks® file.   You will be doing all the data entry directly in QuickBooks®, and  CAPS will then read and utilize that information.  When you create a Progress Invoice from your Estimate each time you are ready to do a draw, you will be updating the Accounts Receivable and your Job Costing.

As for a Retainage Receivable account, we do teach you two different methods on how to create and accurately maintain Retainage in QuickBooks®.  We, also, teach you how to create a memorized report in QuickBooks® so that you can see how much Retainage is outstanding on each invoice, for each job.  These instructions are provided  in the manual that comes with the software.  The same kind of instructions are provided for creating and maintaining Retainage Payable, if you are a General Contractor.