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

Pay Rates

Configure and manage labor rates for accurate payroll and project costing. Learn to:

• Set up standard pay rates by trade and skill level
• Configure overtime and penalty rates
• Manage project-specific or client-specific rates
• Integrate rates with timesheet processing

Getting Started

New to financial management in Assignar Pay? Start with:

1. Pay Rates - Configure labor rates for your team
2. Invoicing - Create your first invoice

Integration with Other Features

Financial management integrates seamlessly with:

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

Best Practices for Construction Finance

• Set up consistent cost tracking from day one
• Use project-specific invoicing for better client relationships
• Implement approval workflows for purchase orders
• Regular review financial reports for business insights
• Keep accurate records for tax and audit purposes