Construction Loans/Draws and Accounts Receivable

Construction loans and draws are easy to calculate and maintain through customized reporting features specific to the residential or commercial building process. Job specific draw reports are immediately available and ready for the bank or customer when construction loans are used during the building process. This draw history is conveniently saved and available to view when jobs are completed and closing documents are being prepared.

Our fully integrated Accounts Receivable module tracks customer history, from invoicing to posting of payments for deposits. Statements for aging customers as well as finance charge calculation processing is available. Salesperson tracking is supported, with commission calculation available through multiple reporting schemes.

Services include:

• Construction loan setup & draw tracking by job
• Invoice processing and distribution
• Statement processing and distribution
• Aging reports
• Receipt & posting of receivable collections