Chargeback
An expense incurred for another department or entity, later reimbursed or adjusted.
Chargebacks involve reallocating costs for shared services or resources, ensuring that each department or project bears its fair share of expenses, important for accurate financial accounting.
Used in a sentence
Chargebacks are used to allocate costs of shared resources across different departments or projects.
Stay updated on what’s happening in construction.
Subscribe to Blueprint, Procore’s free construction newsletter, to get content from industry experts delivered straight to your inbox.
Learn MoreLearn more about Chargeback
How Leveraging Field Data Accelerates Public Sector Pay Apps & Invoice Processing
As the complexities of municipal projects increase, the inefficient legacy systems they rely on cannot provide the transparency, visibility or real-time data needed. This poses ungainly financial risk in the form of stalled payments. To address this failure, managers must employ digital solutions that accelerate and standardize the process. This allows them to course-correct toward […]
How GCs Can Achieve Better Accountability with Financial Analysis Software
Virtually every general contractor (GC) financially plans for a project before it gets underway. The trouble isn’t necessarily budgeting — it’s monitoring that budget from groundbreak on. Every project has a multitude of moving parts, all while different people report different information at different times. A GC might not really know how the build shook out […]
RIP Expense Reports: How PMs Can Leverage Tech for Precision Spend Management
Mismanaging money costs money. And across construction, random credit card swipes and stray receipts add to the mystery spending that disrupts budgets — and aggravates project mangers. Replace the randomness with cohesion and every aspect of project operations — including materials management, scheduling and budgeting — proceeds more smoothly. Today’s tech-enabled, AI-assisted tools for managing spend […]
What Happens When Data Drives the Business?
Construction has long been seen as a low-margin industry. But what if the real problem isn’t the margins—it’s how decisions get made? In episode 17 of The Power of Construction, we sit down with Indra Gutiérrez, President of Gutier, who’s transforming what’s possible when data drives business decisions. Starting with zero capital, she’s built a […]
How can we improve this glossary entry?
By clicking this button, you agree to our Privacy Notice and Terms of Service.