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What is Debit?

In the context of construction, debit refers to the process of deducting or reducing funds from a construction project budget or account. This may happen when expenses exceed the initial budget estimates or when changes in the scope of work require additional funds to be allocated. Debit transactions are typically recorded to track and manage the financial aspects of a construction project, ensuring that expenditures are properly accounted for and managed.Debits in construction can also refer to the amount owed to suppliers, subcontractors, or vendors for materials, equipment, or services provided. These debits are typically recorded in the project's accounting system and must be paid in a timely manner to avoid any delays or disruptions to the construction process. Managing debits effectively is crucial to the success of a construction project

Suffering from credit card
receipt chaos?

Give your accounting team an easier way to collect accounts payable data from project managers and field teams.
expense management

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Connect any credit card to our platform and collect receipts via our modern mobile app, sync with your ERP instantly and close your books faster.
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ERP integrations

Industry ERP integrations

Integrates seamlessly with Viewpoint Spectrum, Viewpoint Vista, Foundation Software, Sage, Acumatica, Quickbooks, CMIC and many more.
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Automation

Automate project coding

Create custom AI-Powered automation rules to put your project accounting on auto-pilot.  
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controls

Eliminate coding errors

Create custom enterprise-grade controls to eliminate data entry errors from the field.
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Approvals

Approvals by project

Setup robust approval workflows by project manager, team manager or value amounts.
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ai-Powered

AI-Powered automations

Auto-match receipts directly to credit card transactions for complete automation.
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Case Studies

Customer Stories

All Case Studies
All Case Studies

"Month-end expense management time cut from 7–10 days to under 2 days."

Antony Martignetti

VP of Finance
Pacific Tech

"What was previously a full-time reconciliation role now takes about an hour per day."

Taylor Ricard

Controller
Moss Utilities

"Reduced time spent on Invoice entry by over 50%."

Roger Helwig

CFO & Owner
Victory Woodworks
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Goodbye project accounting chaos

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