Construction accounting - How do you actually keep track of lien waivers and compliance docs?
I've spent years building construction software, but always on the project side (budgets, estimates). The compliance and AP side is more unknown to me, and the more I ask around the more it seems like everyone has their own duct-taped solution for it.
Trying to understand how this actually works day to day. Not selling anything, not linking anything, I just want to know how people handle it.
If you deal with this:
* Where do you track waivers today? Spreadsheet, software (which one?), folder?
* Do you actually hold a payment until the waiver is in, or does it go out and you chase after?
* How do you find out something's missing ?
* Same question for COIs and certified payroll if you do public work.
* What's the one part of this you'd hand off tomorrow if you could?
* How do you issue payments? Through QB, or paper check, or something else?
One-line answers are totally fine. DM me if you're willing to jump on a 15 min call.