{"id":21768,"date":"2024-06-25T08:30:50","date_gmt":"2024-06-25T12:30:50","guid":{"rendered":"https:\/\/www.foundationsoft.com\/?p=21768"},"modified":"2025-04-14T15:01:05","modified_gmt":"2025-04-14T19:01:05","slug":"are-construction-over-under-billing-reports-creating-work-overload","status":"publish","type":"post","link":"https:\/\/www.foundationsoft.com\/learn\/are-construction-over-under-billing-reports-creating-work-overload\/","title":{"rendered":"Are Construction Over\/Under Billing Reports Creating Work Overload?"},"content":{"rendered":"

<\/span>What’s the Problem with Over\/Under Billing Reports?<\/strong><\/span><\/h2>\n

Construction accounting<\/strong> processes and procedures can vary greatly from one contractor to the next. But one common frustration shared by many construction businesses is the tedious work of manually preparing over\/under billing reports<\/a>, also known as work in progress<\/strong> and percent complete<\/strong>. For companies using generic and small-business accounting software, the over\/under billing report is often the least favorite of all accounting tasks.<\/p>\n

What is it about this particular report that leaves construction bookkeepers scrambling for their headache-relief medicine? Many companies prepare this data just once a year \u2014 during the busy year-end reporting season. In addition, as the construction company grows and takes on more jobs, over\/under billing reports become exponentially more difficult to prepare and, at the same time, become more important for securing bonding and loans<\/strong>.<\/p>\n\"UG<\/a>\n

<\/span>Can I Complete My Construction Over\/Under Billing Reports Manually? <\/strong><\/span><\/h2>\n

Without the ability to automate over\/under billing reports<\/strong>, contractors must go through a laborious practice that involves gathering many different reports and manually calculating the results. Generally speaking, the process is as follows:<\/p>\n

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  1. Contractors gather many reports, including:\n