Will CAPS maintain my QuickBooks Accounts Receivable & Retainage Receivable for me?
Construction Application for Payment Solution (CAPS) does NOT write/send any information back to QuickBooks because we feel that it is vital that YOU maintain complete control of your Accounts Receivable and your Job Costing
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®. You should consult your CPA and/or Tax Preparer to see which method they would prefer you use.
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.
NOTE: The same kind of instructions are provided for creating and maintaining Retainage Payable, if you are a General contractor.
Special Announcements:
- Compatibility with New Jersey Wage Hub CSV Upload
- New California DIR Website
- QuickBooks Desktop 2021 software will be discontinued
- Why We Aren't Compatible With QuickBooks Online
- Can I run your software on Right Networks?
- Compatibility for AASHTO Certified Payroll Upload for Connecticut DOT Released.
- Alaska Department of Labor-LLS Online Certified Payroll Update
- Nevada DOT AASHTO Certified Payroll Upload Available
- Upgraded to QuickBooks 2023/2024 and having issues?
- Resolution for problems with initial QuickBooks 2022 release