Procore Project Financials

By audience

Construction Management

• Track budget vs. actuals across all active jobs from a single dashboard.
• Approve change events and change orders inline with the project records that generated them.
• Monitor invoice progress and lien-waiver compliance for subcontractors.

General Contracting

• Run monthly billing cycles for owner billings and subcontractor payments through one tool.
• Push approved budgets and commitments into the back-office ERP without re-keying.
• Use change-event workflows to capture potential scope changes from the field before they hit the contract.

Specialty Contracting

• Submit subcontractor invoices and lien waivers electronically to the GC's Procore account.
• View the up-to-date contract value and approved change orders that drive payment applications.

Owner/Developer

• Maintain portfolio-level financial visibility across capital projects.
• Approve owner change orders against the same budget the GC and subs are working from.

Accounting & Finance

• Sync project budgets, commitments, and invoices to ERPs like Sage, QuickBooks, Viewpoint, or Yardi.
• Reconcile field-captured costs (labor, productivity) against accounting actuals.
• Maintain audit trails for change orders and invoice approvals.

By phase

Pre-Construction

• Set up the initial project budget and cost-code structure that Project Management will run against.
• Convert winning bids and proposals into commitments without re-keying.

Construction

• Track change events and change orders as scope evolves.
• Run progress billings, owner invoices, and subcontractor payment applications.
• Push field-captured labor and production into job-cost in real time.

Closeout & Operations

• Reconcile final retainage releases, punch-list-related change orders, and final billings.
• Close out commitments and prepare project financials for warranty period.