Construction Management Software with Integrated Time + Materials Billing
Spectrum Construction Software's Time + Material module provides contractors with an easy method of calculating and preparing time and material invoices and billing details for ongoing jobs. Contractors who bill on a time and material or cost-plus basis will find that Spectrum provides a simple and efficient way of tracking and billing jobs. Bills are produced as soon as the costs have been committed, eliminating the need to wait for all the invoices to arrive and for payroll to be processed.
Time + Material allows for user-defined markups for each cost type or job total. Contractor fees can be added automatically or entered after the billing has been created. Multiple billing formats are available for each job, and all line items can be modified, even after the bill has been created. When the bill is printed, amounts are automatically transferred to Accounts Receivable without duplicating entries, and an invoice is created. In order to prevent double billing, Spectrum tracks billings and ensures that only new items are billed.