Billing
Proper invoices — the ones that start the 28-day clock.
Finalize a draw against your Schedule of Values and Vinclo issues a real Tax Invoice: holdback withheld, HST calculated, sequential invoice number — the document Ontario's prompt-payment clock actually runs from.
- A proper invoice, not a placeholder
- Finalize produces a Tax Invoice with a sequential Invoice Number, GST and provincial tax lines, and your registration number — the paperwork prompt payment expects.
- Holdback withheld correctly, every draw
- Statutory and maintenance holdback come off automatically, at the rate cascaded from your company defaults down to the line item.
- Corrections never touch the original
- Void & Correct reopens the last draw, retires its invoice number, and issues a Credit Note plus a corrected invoice — never a silent edit to a document your client already has.
A Schedule of Values template built for Ontario
Most SOV templates are American — no holdback, no HST, no statutory declaration line. This one is Canadianized: download it, fill in your line items, and bill your first draw.
How it works
From line items to a client-ready draw.
- 01
Bill against your Schedule of Values
Enter quantity completed this period, line by line — lump sum or uncapped, priced the way you actually contracted the work.
- 02
Finalize the period
Closes the current draw and opens the next one in the same motion. The closed period is frozen from here.
- 03
A proper Tax Invoice goes out
Holdback withheld, HST calculated, an Invoice Number assigned company-wide — the document that starts the payment clock.
- 04
The 28-day clock starts on delivery
Under the Construction Act's prompt-payment rules, a proper invoice is what starts the owner's payment window — Vinclo produces the one that qualifies.
Related reading
What counts as a proper invoice, and why it matters.
Legislation coverage on the Vinclo blog — the Construction Act deadlines that decide when you actually get paid.
Read legislation coverage →See your own draws, invoiced properly.
A short demo, sized to how your team actually bills progress.