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

Progress Billing & Invoicing Process for Painting

The Progress Billing & Invoicing Process workflow provides painting contractors with a structured method for issuing invoices tied to progress. It covers verifying scope completion, preparing invoices, confirming approvals, and reconciling with budgets. Managers ensure invoices are accurate and timely. By standardizing this process, painting companies reduce disputes, protect profitability, and improve efficiency. Clients benefit from transparent billing practices. Teams gain accountability through documented approvals and reporting. With this workflow in place, painting contractors can strengthen professionalism, improve efficiency, and deliver projects more reliably with consistent financial oversight.

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