A lien waiver confirms that a contractor, subcontractor, or vendor has been paid a specific amount and thereby waives any prospective claim on that portion of the property's worth. If a subcontractor is paid $50,000 for their services on a job, they may submit a lien waiver stating that they will not contest $50,000 of the value they added to the property. Lien waivers can be conditional or unconditional, and they can be used for partial or full payment.
QuickBooks Classes give you one tracking dimension. IES Dimensions provide up to 20, with hierarchies, multi-tag reporting, better job costing, and multi-entity consolidation, offering contractors deeper insight and cleaner, more flexible financial reporting.
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