We are a general contractor who works in multiple states, with approx. $100M in revenue annually. We work with many different subcontractors, and due to state laws, may request joint checks to protect us from a lien situation. We use Sage CRE 300. I am curious how others track joint check obligations, lower tier suppliers and subs, etc. We do use the compliance module and it is helpful to track waiver receipts. I'm seeking how you actually allocate dollars when a joint check agreement is signed. Do you enter that amount in your AP, so as to not loose track of the committed amount?
Thanks for your advice and suggestions!