Simplify Payment Applications and Progress Billing with Cloud PM
In the construction industry, managing payment applications and progress billing can be complex and time-consuming. Cloud PM simplifies QuickBooks AIA billing, making it easier for construction teams to handle these critical tasks. With just a few clicks, you can transition seamlessly from the Schedule of Values (SOV) to AIA G702 and G703 forms, and then move directly into QuickBooks Online for invoicing. This blog post shows you how Cloud PM streamlines the entire process, saving you time and reducing errors.
What is the Schedule of Values (SOV) in Construction?
The Schedule of Values (SOV) is a key document in construction projects, detailing the costs for each phase of work. It is essential for progress billing and payment applications, forming the basis of invoicing. Cloud PM simplifies creating and managing the SOV, making it easy to track and update as the project progresses. By integrating with QuickBooks AIA billing, Cloud PM ensures that the transition from SOV to invoicing is smooth and error-free.
From SOV to AIA G702 and G703 Forms with Cloud PM
For contractors, transitioning from the approved Schedule of Values to AIA G702 (Application and Certificate for Payment) and G703 (Continuation Sheet) forms is essential for progress billing. Cloud PM makes QuickBooks AIA billing easier by auto-populating the required data into these forms, eliminating the need for manual entry. This streamlined process ensures that your AIA forms are ready for submission, saving valuable time and ensuring compliance with industry standards.
How Cloud PM Connects to QuickBooks Online for Efficient Invoicing
Once payment applications and progress billing are complete, Cloud PM integrates directly with QuickBooks Online for efficient invoicing. After preparing the AIA G702 and G703 forms, all the data flows directly into QuickBooks for seamless invoicing. This integration simplifies QuickBooks AIA billing by eliminating the need for double entry and reducing the risk of errors. With Cloud PM, you can ensure that all billing information is accurate and up-to-date.
Key Benefits of Cloud PM for Payment Applications and Progress Billing
- Time Savings: Cloud PM automates key steps in the process, from SOV creation to invoicing, saving time on each project.
- Increased Accuracy: Cloud PM auto-populates AIA G702 and G703 forms, reducing manual data entry errors.
- Integration with QuickBooks: A seamless connection to QuickBooks Online simplifies QuickBooks AIA billing and invoicing.
- Simplified Compliance: Cloud PM ensures that your AIA G702 and G703 forms are compliant with industry standards, streamlining the billing process.
Elevate Your Billing Process with Cloud PM
Managing QuickBooks AIA billing doesn’t have to be a headache. Cloud PM simplifies the transition from the Schedule of Values to AIA G702 and G703 forms, and integrates with QuickBooks Online for easy invoicing. With Cloud PM, you can save time, reduce errors, and keep your construction projects on track. Watch our video below to see how it works and how it can transform your billing process!