How do you handle retainage?

Retainage receivable and payable are carried on their own lines, aged separately, with their own collection cadence. Mixed into ordinary AR/AP, retainage silently ages past the point where it can be collected.

Do you track cost at the cost-code level?

Yes. We track cost at the cost-code level, not just the job level, and tie it to the cost-to-complete updates that drive percentage-of-completion revenue.

Can you produce bonding-company-ready financials?

Yes. They go out quarterly as a routine output rather than being scrambled together at audit time.

General Contractors · Industries

Running on the desk

qbo a/r app · the fast working surface over QuickBooks A/R: find it, fix it, print it, collect it · invoices write back on a button, records on a save ▸ discovery · inside your processes and systems, old and new, finding what's broken · week one ▸ implementation · fixes, integrations, and AI where it earns its place, until the pieces talk to each other · weeks two to three ▸ run · the data, the reporting, the books, and tax, run on what we built · ongoing ▸ stack · TypeScript · Python · Postgres · Supabase · Cloudflare · Inngest · Claude · OpenAI ▸ qbo a/r app · the fast working surface over QuickBooks A/R: find it, fix it, print it, collect it · invoices write back on a button, records on a save ▸ discovery · inside your processes and systems, old and new, finding what's broken · week one ▸ implementation · fixes, integrations, and AI where it earns its place, until the pieces talk to each other · weeks two to three ▸ run · the data, the reporting, the books, and tax, run on what we built · ongoing ▸ stack · TypeScript · Python · Postgres · Supabase · Cloudflare · Inngest · Claude · OpenAI ▸

In one paragraph

PC Financials runs general-contractor books the way a bonding company reads them: percentage-of-completion revenue, a WIP schedule that ties to the GL on every reporting date, and retainage carried separately, so the schedule a bonding review asks for is a query, not a project.

What the GL has to handle

· Percentage-of-completion revenue recognition tied to actual cost-to-complete updates
· WIP schedule that ties to the GL on every reporting date
· Retainage receivable and retainage payable carried separately from current AR/AP
· Job-cost accuracy at the cost-code level, not just the job level
· Bonding-company-ready financials produced quarterly, not scrambled at audit time

What we see in this vertical

A general contractor’s books look fine until the bonding company asks for a WIP schedule, and then the question becomes whether the schedule ties to the GL or only to the project-management system. In most shops, it doesn’t tie. The PM system has one set of percentage-complete numbers; QuickBooks has another; the year-end audit produces a third.

The firm’s job in a GC engagement is to make the three numbers be the same number. That usually means rebuilding the cost-code structure once, then writing the integration that keeps the PM system and the GL in sync going forward. After that, the WIP schedule is a query, not a project.

Retainage is the other place GC books quietly drift. Retainage receivable belongs on its own line, aged separately, with its own collection cadence. Mixed into AR, it’ll silently age past the point where it can be collected.

Frequently asked

Will my WIP schedule actually tie to the general ledger?: That is the core of the engagement. We rebuild the cost-code structure once, then write the integration that keeps the PM system and the GL in sync, so the WIP schedule is a query rather than a scramble before the bonding review.
How do you handle retainage?: Retainage receivable and payable are carried on their own lines, aged separately, with their own collection cadence. Mixed into ordinary AR/AP, retainage silently ages past the point where it can be collected.
Do you track cost at the cost-code level?: Yes. We track cost at the cost-code level, not just the job level, and tie it to the cost-to-complete updates that drive percentage-of-completion revenue.
Can you produce bonding-company-ready financials?: Yes. They go out quarterly as a routine output rather than being scrambled together at audit time.

General Contractors.

Frequently asked

Vertical-specific intro.
Thirty minutes.

Frequently asked

Vertical-specific intro. Thirty minutes.

Vertical-specific intro.
Thirty minutes.