Veltronx

Construction accounting

Construction Accounts Payable & Accounts Receivable

Revenue is not cash until invoices are sent and collected.

Veltronx places dedicated construction accounting professionals to manage vendor and subcontractor invoices, customer billing, outstanding receivables, aging, collections, documentation, reconciliations, job-cost coordination and retainage — so financial administration doesn’t become an operating bottleneck.

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AP & ARWEEK 14Vendor invoice — codedJob 1000 · cost code 15400PAYABLESubcontractor invoiceApproval routed to youPAYABLECustomer progress billSent against schedule of valuesRECEIVABLEAging follow-up30+ day balance, in collectionsRECEIVABLEWhat goes out and what comes in, tracked in one place
Payables and receivables tracked side by side, coded to the right job.

Accounts payable

What goes out.

  • Vendor invoices
  • Subcontractor invoices
  • Invoice coding
  • Approval workflows
  • Payment processing
  • Outstanding-balance tracking
  • Vendor documentation
  • Vendor reconciliations

Accounts receivable

What comes in.

  • Customer invoice creation
  • Progress billing
  • Aging management
  • Collections follow-up
  • Retainage tracking
  • Job-cost coordination
  • Project accounting
  • Cash-application tracking

Cash conversion

Completed work isn’t revenue until it’s collected.

Dedicated accounting capacity keeps invoicing, aging and collections consistent instead of squeezed in between field priorities — turning completed work into collected revenue on a predictable schedule.

Questions buyers ask

Straight answers before the call.

What's the difference between AP and AR support?
Accounts payable covers what your company owes — vendor and subcontractor invoices, coding, approvals and payment. Accounts receivable covers what customers owe you — invoicing, aging and collections. Your Veltronx accountant can manage either or both.
Will this help us get paid faster?
Revenue is not cash until invoices are sent and collected. A dedicated AR process — timely billing, complete documentation and consistent aging follow-up — is what keeps completed work from sitting uncollected.
Does this replace our project managers?
No. Your Veltronx accountant manages the accounting workflow; your project managers and office still direct which invoices to approve, which collections calls matter most, and any judgment calls tied to a client relationship.
Can this integrate with job costing?
Yes. AP and AR work is coded to the correct job and cost code as part of the same workflow, so your job-cost and WIP reporting stays accurate.

Add AP/AR capacity to your back office.

A 30-minute discovery call: how your estimating, accounting, payroll and administrative work flows today, which systems are involved, and how a Veltronx team fits.

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Or email contact@veltronx.com