The math is the product
One cent off and a GC rejects the pay app, and a rejection costs you a month. Misthora's billing engine is property-tested so the totals always tie.
Product demo
Demo with sample data
Get the free G702/G703 templateBuilt for the office of a 1–15 person shop
One person does the billing. Misthora is built so that person gets real value in week one, starting mid-project, from the spreadsheet you already have.
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Our free Excel template does your SOV, pay app, and retainage with locked formulas, grab it here. The tool that does it all automatically comes next.
Verified to the cent
The math is the product
One cent off and a GC rejects the pay app, and a rejection costs you a month. Misthora's billing engine is property-tested so the totals always tie.
PAY APPLICATIONSummary
ties- Original contract sum
- $250,000.00
- Net change by change orders
- $12,500.00
- Contract sum to date
- $262,500.00
- Total completed & stored to date
- $146,875.00
- Retainage (10%)
- -$14,687.50
- Previous certificates
- -$91,250.00
- Current payment due
- $40,937.50
Guides
Learn the billing side of the trade
Plain-English guides on pay applications, retainage, schedules of values, and why GCs reject billing, read the guides.
The 7 reasons GCs reject pay applications (and how to stop all of them)Rejected pay apps cost a full billing cycle. The seven most common rejection causes, math that doesn't tie, wrong previous certificates, retainage drift, and more, with fixes.How to fill out a G702-style pay application, line by lineA plain-English walkthrough of every line on a G702-style payment application: contract sum, change orders, completed and stored to date, retainage, and current payment due.Retainage explained: where 5–10% of your money goes and how to get it backWhat retainage is, how it's calculated on a pay application, what retainage reduction means, and how small subcontractors keep track of what they're owed.
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