Cash flow is the total amount of money coming in and going out of your business during a specific period of time.

A Contract is the legally-binding agreement between you and your client that outlines the scope of work, project timeline, and payment terms. When the client signs the proposal, it becomes the contract.

An Estimate is the approximate cost of a project. The estimate is typically shared with clients before a project starts in order to provide them with an idea of the budget. You can use the estimate to create the proposal, which, if the client approves and signs, becomes the contract.

Expenses to Date are the total costs you've incurred on a project up to the present day. This number includes money you've spent on things like materials, subcontractors, and labor.

Your Job Profit tells you how much money you made or lost on a specific job. This is also know as net income.

Job Profit = Total Job Revenue – Total Job Expenses

Margin (or profit margin) is the percentage of your total revenue that you actually keep as profit after paying for costs.

Markup is the extra amount you add to a service or product's cost to set the final price for your customer. It's how you make a profit on a job.

A Proposal is a document that outlines the work you plan to do, how much you'll charge for it, and the terms of your agreement. When your customer approves the proposal, it becomes the contract.

Proposed Contract Value is the total amount you estimate a job will cost plus your markup. This number helps you track your potential income before a job begins.

Retainage is a portion of a payment that's held back until a job is fully complete. It's a way to make sure the work is done correctly and on time. (Also known as retention.)

See Retainage.

Revenue is the total amount of money your business brings in from all sources before you take out any costs or expenses. This is also known as gross income.

A Tax ID (also known as a TIN: Taxpayer Identification Number) is a unique number used by the government to track individuals and business entities for tax purposes.

We need a company's Tax ID in order to verify their identity and legally process financial information.

Trial Balance is a financial statement that lists the total money coming in (debits) matches the total money going out or held in assets (credit) for each business account.

A Vendor's Remittance Address is the specific address where you send payments to a vendor. It may be different from the vendor's main business address, since it's typically a special address used to process payments more quickly.