Goldenseal Billing Software and Accounts Receivable Software

Project Billing Software

Goldenseal is small business billing software that creates customer invoices and tracks accounts receivable. It handles invoicing for customer sales, project work (draw schedules, progress payments and time and materials) and property rentals.

Goldenseal generates invoices and billing statements, and gives you several types of reports on your accounts receivable status.

Goldenseal includes three types of bills for your construction projects:

Draw Schedules-- for a fixed set of payments based on project milestones
Progress Payments-- for payments based on the amount of completion in each category or location
Time and Materials-- for payments based on actual costs

For example, when you select Draw Schedule billing, you'll see a list of projects that use that billing type.

Double-click on a line, and you'll see the draw schedule steps or phases for that project.

Enter the percentage completion for each step, then click OK, and Goldenseal will automatically calculate the amount to bill now.

Click the Create Bills button, and Goldenseal automatically creates billing records which you can print and send out to customers.

Use the Deposit Funds command to check unpaid bills, and to deposit payments as they come in.

Draw Schedule Billing

Use Draw Schedules for projects that have a fixed set of payments at different stages of completion. A draw schedule works well for projects that have specific "milestones" of completion.

Progress Payment Billing

Use progress payment billing for project bills that use the percentage completion on each cost category, cost location or cost item.

Time and Materials Billing

Use time and materials billing for projects based on actual costs (usually with an additional markup or management fee).

Change Orders

Use Change Orders to bill for changes to a project.

Allowances

Use Allowances for project items that don't have firm specifications when you create an estimate. You'll include a fixed amount in the project, and then track actual costs for the allowance, and bill for the difference when you finish it.

Retainage

Goldenseal automatically deducts retainage (sometimes called "hold-back") from project bills that include it in the payment terms. When work is completed you'll bill separately for the retainage balance.