Progress Billing & Draw Schedule

Keep cash flowing on active builds by automating draw schedule tracking, invoice generation, and lender submission for every project milestone.

26 hrs
Time saved/month
6
Companies have mapped
Map This Automation

About This Automation

Progress billing and draw scheduling requires bookkeepers to manually track project milestones, retrieve contract terms, calculate earned revenue, and prepare invoices and draw requests.

Automation retrieves milestone data from the project management system, calculates draw amounts based on contract terms, and generates invoices and draw request documents automatically.

Key features
Monitor project milestones automatically and trigger draw calculations when phases are marked complete
Retrieve contract terms and holdback clauses from project records and apply them to earned revenue calculations
Calculate draw amounts based on completion percentage, contract terms, and holdback rules without manual spreadsheet work
Generate invoices in accounting software and draw request documents ready to send to clients
Send invoices and draw requests via email and notify the project team through team communication tools
Log all draw transactions in accounting records and maintain a real-time tracking log

How The Automation Works

The full workflow, from trigger to completion.

1. Milestone Marked Completetrigger

Webhook detects a project milestone status change to complete and passes the project ID, phase name, and completion date to the automation platform.

2. Fetch Contract Terms

The automation queries a contract database or Google Sheet to retrieve the draw percentage, holdback, and payment terms for the project and phase.

3. Calculate Draw Amount

The automation calculates earned revenue, applies holdback, and determines the invoice and draw request amounts based on contract terms and project progress.

4. Create Invoice in QuickBooks

The automation creates an invoice with the calculated amount, project details, and client information, then marks it ready to send.

5. Send Invoice and Draw Request

The automation sends the invoice to the client and attaches a generated draw request document with all required details.

6. Notify Team

The automation posts a message confirming the draw has been issued, including the project name, amount, and client contact.

4 reasons to map this process

1

It's completely free

No credit card, no commitment. Map your process and walk away with a full build plan.

2

You get a complete build plan

A visual process map, automation spec, delivery timelines, and everything needed to build it, customized to your workflow and tools.

3

You see your real numbers

Custom pricing, ROI projection, and payback timeline based on your actual process, not industry averages.

4

There's no obligation to build

Your build plan stays in your workspace with no expiry. Move forward whenever the timing is right.

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Frequently asked questions

Everything you need to know before mapping this process.

This template is a starting point based on how other businesses handle this type of work. When you map your process, you describe exactly how your team does it and the automation is built around your workflow, not a generic template.

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Estimated Time Saving
26hrs/month
Process pain:8.2/10
Mapped by:6 Companies

Map this to your business to get your exact numbers.

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