Progress Billing for Contractors: 2026 Small Shop Guide
Progress billing for small contractors: deposit limits, milestone schedules, percent complete, retainage, AIA pay apps, and billed vs remaining. Try it free.
A guide to progress billing for small contractors and trades. It explains milestone billing versus percent complete billing, how to design a payment schedule for small, medium, and large residential jobs, and walks through a 38,000 dollar kitchen remodel billed as a deposit, two milestones, and a final payment with a change order added.
It covers tracking billed and remaining totals, creating progress invoices from one signed estimate by percentage or amount, keeping sales tax exact on partial invoices, schedules of values, AIA G702 and G703 pay applications, retainage, state deposit limits, late progress payments, billing as a subcontractor, typical milestones by trade, and a setup checklist..