The Accounts Receivable module from Foundation Software is a construction‑focused billing and collections system that helps contractors manage invoices, progress billings, cash receipts, retainage, and customer account activity. It supports both simple and AIA‑style invoicing, enables automated reporting, and provides tools for monitoring outstanding receivables across jobs, customers, and project managers. The module centralizes construction‑specific requirements such as lien waivers, retainage tracking, and detailed aging reports. Its workflow helps construction companies reduce late payments, maintain accurate project financials, and improve overall cash‑flow management by streamlining collections and offering date‑sensitive insights into outstanding invoices.

Key Features

Simple Construction Invoicing Supports multiple invoice types with minimal data entry.

• Create lump‑sum, percent‑complete, or detailed line‑item invoices
• Print or email simple or custom‑designed invoices with company branding

AIA Billing Tools Handles progress billing workflows for construction contracts.

• Import or enter schedules of values
• Update applications, correct redlines, and print full billing forms

Receivables Reporting Provides deep visibility into outstanding balances and trends.

• Date‑sensitive reports with filtering and sorting
• Drill down to invoice‑level transaction details

Cash Receipt Tracking Records and applies payments accurately for a full audit trail.

• Apply receipts to invoices individually or in batches
• Monitor sales and use tax liabilities

Digital Invoicing Add‑On (FOUNDATION Pay Receivables) Accelerates payment cycles via a secure customer portal.

• Customers can review and pay invoices online
• Automated payment notifications and direct import of receipts

Benefits

Improved Cash Flow Management Supports faster and more accurate collections.

• Reduces late payments
• Streamlines progress billing and cash‑receipt entry

Higher Billing Accuracy Minimizes errors in construction‑specific invoicing.

• Accurate handling of SOVs, retainage, and redlines
• Automation ensures consistency across billing cycles

Better Financial Visibility Helps contractors track receivables across jobs and customers.

• View aging, retainage, and tax liabilities
• Monitor due and past‑due invoices with timely alerts

Reduced Administrative Effort Automates repetitive tasks and simplifies complex billing formats.

• Faster invoice generation
• Fewer manual corrections and improved audit trails