FOUNDATION Time & Material Billing
Captures billable job expenses, automates markups and produces precise, professional invoices for time-and-material contracts.
Overview
The FOUNDATION Time & Material (T&M) Module simplifies the process of billing for T&M jobs. It automatically gathers all billable costs—labor, equipment, materials, and subcontractor work—and applies pre-defined markups. Users can then generate detailed, professional invoices with complete backup documentation.
✨ Key Features
- Automatic gathering of unbilled costs
- Customizable markups (by rate, percentage, or amount)
- Flexible billing rates per customer or job
- Generation of detailed T&M invoices
- Worksheet for reviewing and modifying billings before invoicing
🎯 Key Differentiators
- Pulls costs directly from the integrated job cost and payroll systems
- Highly flexible markup capabilities
- Part of a complete construction accounting suite
Unique Value: Ensures all billable costs are captured and invoiced accurately and efficiently, reducing revenue leakage and administrative time.
🎯 Use Cases (3)
✅ Best For
- Service contractors
- Contractors performing emergency repairs
- Any company that does work not covered by a fixed-price contract
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies that only ever work on fixed-price (lump sum) contracts
🏆 Alternatives
Automates the entire T&M billing process, which is often a manual, spreadsheet-driven task in less specialized accounting systems, thereby saving time and preventing errors.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
💰 Pricing
🔄 Similar Tools in Foundation Accounting
FOUNDATION Job Costing
Tracks real-time project costs against budgets to maximize profitability for construction jobs....
FOUNDATION Payroll
A specialized payroll processing module for the construction industry....
FOUNDATION Accounts Payable
Streamlines invoice processing and subcontractor payments for construction....
FOUNDATION Project Management
Manages project documents, communication, and change orders....
FOUNDATION Service Dispatch
Manages service calls, scheduling, and dispatching for field technicians....
FOUNDATION General Ledger
Core financial accounting and reporting module....