Financial Management

Comprehensive guides for managing finances, invoicing, and billing in your construction business

Financial Management Features

Master the financial aspects of your construction business with comprehensive guides for billing, invoicing, and cost management.

Core Financial Features

Invoicing

Create professional invoices for your construction projects, track payments, and manage billing for clients and subcontractors. Learn how to:

Create and send professional invoices
Track invoice status and payments
Generate progress claims for construction projects
Handle retention invoices and final payments

Purchase Orders

Manage procurement workflows, supplier relationships, and purchasing for construction projects. Learn to:

Create and approve purchase orders for materials and services
Set up supplier records and manage vendor relationships
Track goods receipt and delivery confirmations
Process supplier invoices and maintain audit trails

Supplier Portal

Enable suppliers to access purchase orders and submit invoices through a secure external portal. Features include:

Secure supplier access to relevant purchase orders
Online invoice submission with document uploads
Real-time status tracking and communication
Complete audit trail and activity logging

Pay Rates

Configure and manage labor rates for accurate payroll and project costing. The Pay Rates module includes five integrated sections:

Pay Rates: Set up standard pay rates by trade and skill level with overtime and penalty rates
Pay Rate Documents: Upload and manage award documents, EBAs, and rate schedules
Workers: Maintain your workforce database for payroll processing
Employment Types: Classify workers into categories like Full-Time, Part-Time, and Casual
Payroll Tags: Create flexible labels to categorize and organize pay rates

Each section works together to provide comprehensive payroll management, from workforce organization to rate application and compliance documentation.

Getting Started

New to financial management in Assignar Pay? Start with:

Pay Rates - Configure labor rates for your team
Purchase Orders - Set up procurement and supplier management
Invoicing - Create your first invoice

Integration with Other Features

Financial management integrates seamlessly with:

Projects - Link invoices, purchase orders, and costs to specific projects
Timesheets - Generate invoices from approved timesheet data
Cost Codes - Track procurement and labor costs by activity type
Reports - Analyze financial and procurement performance

Best Practices for Construction Finance

Set up consistent cost tracking from day one
Use project-specific invoicing and procurement for better client relationships
Implement approval workflows for purchase orders and expenditure control
Maintain strong supplier relationships through the supplier portal
Regular review financial and procurement reports for business insights
Keep accurate records for tax and audit purposes
Track procurement commitments against project budgets

Core Financial Features

Create professional invoices for your construction projects, track payments, and manage billing for clients and subcontractors. Learn how to:

Create and send professional invoices

Track invoice status and payments

Generate progress claims for construction projects

Handle retention invoices and final payments

Manage procurement workflows, supplier relationships, and purchasing for construction projects. Learn to:

Create and approve purchase orders for materials and services

Set up supplier records and manage vendor relationships

Track goods receipt and delivery confirmations

Process supplier invoices and maintain audit trails

Enable suppliers to access purchase orders and submit invoices through a secure external portal. Features include:

Secure supplier access to relevant purchase orders

Online invoice submission with document uploads

Real-time status tracking and communication

Complete audit trail and activity logging

Configure and manage labor rates for accurate payroll and project costing. The Pay Rates module includes five integrated sections:

Pay Rates: Set up standard pay rates by trade and skill level with overtime and penalty rates

Pay Rate Documents: Upload and manage award documents, EBAs, and rate schedules

Workers: Maintain your workforce database for payroll processing

Employment Types: Classify workers into categories like Full-Time, Part-Time, and Casual

Payroll Tags: Create flexible labels to categorize and organize pay rates

Each section works together to provide comprehensive payroll management, from workforce organization to rate application and compliance documentation.

Best Practices for Construction Finance

Set up consistent cost tracking from day one

Use project-specific invoicing and procurement for better client relationships

Implement approval workflows for purchase orders and expenditure control

Maintain strong supplier relationships through the supplier portal

Regular review financial and procurement reports for business insights

Keep accurate records for tax and audit purposes

Track procurement commitments against project budgets