WIP Problem:
Legacy software lacks native percentage-of-completion accounting, an over/under billing report, and a way to calculate earned revenue by job. Without these built in, WIP schedules often end up as a manual process, which means financials are only as accurate as the last time everything was reconciled. Getting this information into standard processes can improve relationships with the bonding agent and help reduce CPA fees over time.
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​Retainage Problem​:
If you've ever tried to track retainage in legacy software you already know the frustration. Retainage receivable gets buried in regular AR, subcontractor retainage on the AP side goes unmanaged, and there's no retainage aging report to clearly separate what's held from what's billable. This isn’t something you can easily fix with a workaround. It’s a gap that limits your visibility into cash flow across every job.
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‍The Acumatica Difference:
Acumatica handles both natively. WIP schedules update in real time as costs post to jobs. Retainage is automatically tracked separately on every contract and subcontract, as well as in AR and AP. No spreadsheets. No manual reconciliation. Bonding and CPA-ready financials on demand.