CST · Department

Cost, Billing & Accounting

The financial spine of a job — budgets, commitments, job cost, WIP, schedules of values, pay applications, invoices, and reconciliation.

22 objects documented in this department.

Foundation

  • Project Budget CST 101 · Foundation · Cost, Billing & Accounting
    The cost plan that converts an estimate into a controllable structure of cost codes, against which every commitment, invoice, and change is measured for the life of the job.
  • Schedule of Values (SOV) CST 102 · Foundation · Cost, Billing & Accounting
    The line-item breakdown that allocates the total contract sum across the work, and the backbone every progress billing is measured against.
  • Pay Application (AIA G702/G703) CST 103 · Foundation · Cost, Billing & Accounting
    The certified request for periodic payment that translates progress on the schedule of values into a signed, sworn amount due.
  • Progress Billing CST 104 · Foundation · Cost, Billing & Accounting
    The practice of billing periodically for work performed to date rather than at completion, and the revenue-recognition discipline behind it.
  • Accounts Payable Invoice CST 105 · Foundation · Cost, Billing & Accounting
    The vendor's demand for payment that a contractor must code, match, approve, and pay accurately to control job cost and cash.
  • Expense Report CST 106 · Foundation · Cost, Billing & Accounting
    The employee's itemized claim for reimbursement of business costs, coded to jobs and checked against policy before it becomes cost and cash.

Practitioner

  • Cost Code Structure & WBS CST 201 · Practitioner · Cost, Billing & Accounting
    The company-wide chart of cost accounts and work breakdown structure that decides, before a single dollar is spent, what management can ever see.
  • Commitment CST 202 · Practitioner · Cost, Billing & Accounting
    The recorded obligation created when a subcontract or purchase order is executed, which converts budget into a known future cost long before any invoice arrives.
  • Job Cost Report CST 203 · Practitioner · Cost, Billing & Accounting
    The periodic statement that lays budget, committed, actual, and forecast cost side by side per cost code, turning the whole cost machine into a variance the team can act on.
  • Percent Complete CST 204 · Practitioner · Cost, Billing & Accounting
    The measure of how far along a job is, which drives earned revenue, over/under billing, and reported profit — and which is only as honest as the method and the estimate behind it.
  • Journal Entry CST 205 · Practitioner · Cost, Billing & Accounting
    The atomic unit of accounting — a balanced debit-and-credit record that posts a transaction to the general ledger and forms the audit trail behind every reported number.
  • Bank Reconciliation CST 206 · Practitioner · Cost, Billing & Accounting
    The periodic proof that the company's cash records match the bank's, catching errors, timing differences, and fraud before they compound.
  • Draw Request CST 207 · Practitioner · Cost, Billing & Accounting
    The formal request to release a portion of construction loan proceeds against verified progress, and the lender-side gate that governs it.
  • Subcontractor Invoice CST 208 · Practitioner · Cost, Billing & Accounting
    The subcontractor's periodic billing against its subcontract, which the prime must validate, retain, and pay in step with the owner payment chain.
  • Three-Way Match CST 209 · Practitioner · Cost, Billing & Accounting
    The control that pays a vendor only when the invoice, the purchase order, and the receiving record all agree.
  • Credit Card Reconciliation CST 210 · Practitioner · Cost, Billing & Accounting
    The monthly process of substantiating, coding, and approving every corporate-card charge so that card spend becomes accurate, controlled job cost.
  • Final Billing CST 211 · Practitioner · Cost, Billing & Accounting
    The last, reconciling invoice that drives every line to complete, releases retainage, and closes the contract's financial record.

Advanced

  • Cost to Complete CST 301 · Advanced · Cost, Billing & Accounting
    The disciplined estimate of the money still required to finish the remaining work, and therefore the single number that determines whether a job is really making or losing money.
  • Work in Progress (WIP) Schedule CST 302 · Advanced · Cost, Billing & Accounting
    The contractor's master financial reconciliation of every active job, tying contract value, cost, percent complete, and billings into the over/under billing and earnings the financial statements depend on.
  • Over / Under Billing CST 303 · Advanced · Cost, Billing & Accounting
    The difference between what a job has billed and what it has earned, which reveals whether a contractor is financing its owners or borrowing against future work.
  • Revenue Recognition (ASC 606) CST 304 · Advanced · Cost, Billing & Accounting
    The rules and judgments that determine when and how much revenue a contractor books on a contract, governed by ASC 606's five-step model and the transfer of control over time.
  • Joint Check CST 305 · Advanced · Cost, Billing & Accounting
    A payment made jointly payable to two parties at once, used to ensure a lower-tier supplier gets paid and lien risk is controlled.

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