SOP Templates > Insulation > Finance & Accounting > Progress Billing & Invoicing Process

Progress Billing & Invoicing Process for Insulation

The Progress Billing & Invoicing Process workflow provides insulation contractors with a consistent method for progress-based invoicing. It covers verifying scope completion, preparing invoices, confirming approvals, and reconciling charges against budgets. Managers ensure accuracy and timeliness for stable cash flow. By using this workflow, insulation companies reduce disputes, protect margins, and improve efficiency. Clients benefit from billing transparency and financial accountability. Teams gain accountability with documented approvals. With this workflow in place, insulation contractors can strengthen professionalism, improve financial stability, and deliver projects more reliably with consistent billing practices.

Review contract billing terms (schedule of values, milestones, or % complete)

Confirm current work progress with field team or site walk

Calculate percent complete for each line item or milestone

Draft the billing application or invoice with updated totals

Include approved change orders and any required documentation

Apply retainage according to contract terms

Attach backup documentation (photos, timecards, material receipts, etc.)

Review draft billing with project manager or leadership

Submit invoice or pay app to client or GC by required date

Confirm receipt and follow up on approval status

Track invoice aging and update accounts receivable records

Log payment once received and update job cost tracking

File billing documents and confirmations in project records

Communicate payment status with internal team

Review contract billing terms (schedule of values, milestones, or % complete)

Confirm current work progress with field team or site walk

Calculate percent complete for each line item or milestone

Draft the billing application or invoice with updated totals

Include approved change orders and any required documentation

Apply retainage according to contract terms

Attach backup documentation (photos, timecards, material receipts, etc.)

Review draft billing with project manager or leadership

Submit invoice or pay app to client or GC by required date

Confirm receipt and follow up on approval status

Track invoice aging and update accounts receivable records

Log payment once received and update job cost tracking

File billing documents and confirmations in project records

Communicate payment status with internal team