Construction Draw and Supplier Payment

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Subject Author Date Construction Draw and Supplier Payment Cid's Uprite 08-11-2007
Posted by Cid's Uprite on August 11, 2007, 5:17 am Please log in for more thread options Hi. I just landed a job for a construction company and am not familiar with how some things go... We are subcontracted to do concrete work. We submit monthly to the contractor progress invoices for us and interim lien waivers for our suppliers. The contractor then sends us a separate payment check for each. Example: Our Invoice = $50,000.00 Supplier 1's Bill = $15,000.00 Supplier 2's Bill = $25,000.00 We get [3] checks: One made out to Supplier 1 for $15,000.00 One made out to Supplier 2 for $25,000.00 and one made out to us for $10,000.00 The contractor shows our invoice paid in full. How do I book this? And, does anyone know of a free training program for job costing and the like? Thank you so very much in advance to anyone that can help me. Dawn Similar Threads Posted Construction Service PO Question March 17, 2008, 7:10 pm UK users of QB who are in the Construction Industry Scheme April 21, 2008, 3:45 pm customer that is also a supplier March 13, 2007, 5:00 pm I overpaid a bill to a supplier, who is now paying back October 15, 2007, 7:46 am Direct Payment June 22, 2006, 1:34 am How to undo payment October 6, 2006, 2:11 pm How do I print a customer payment? July 26, 2006, 8:17 am part payment of bills March 31, 2007, 8:17 am Query regarding payment of bills March 31, 2007, 8:21 am Partial payment of a Bill September 28, 2007, 1:26 pm