How do lien waivers work in Veristep?
Write the waiver a payment calls for, have it signed or file your state's form, and keep it with the payment.
A lien waiver gives up the right to file a lien for work that has been paid for. A conditional waiver counts only once the payment has actually arrived; an unconditional one is given after it has. Veristep won't let you write an unconditional waiver before the payment it waives for is on record.
Your own waivers are written from a payment line on the Billing page, so the amount and the invoice come with it. Waivers from your subcontractors and vendors are written under Lien waivers, with the date and reference of what you paid them.
Send a waiver for signature and the person signs it from their own Signatures list, after reading it. The request shows only its number — Lien waiver LW-0007 — because everyone on the job can see a signature request; the amount never appears there. Once a waiver is signed it can't change: void it and write a new one.
Veristep's own form says what it does in everyday words. It names no law and makes no promise about how anyone will read it. Many states have their own lien waiver form, and some require it — where yours does, choose your state's form, have it signed on paper and upload the signed copy. Check with your own advisor if you're unsure which form your state expects.
A conditional waiver can ride on the QuickBooks invoice, so it goes out when the invoice is emailed.
- Unconditional is refused
- Record the payment on the invoice first, or write a conditional waiver.
- A sub can't see their waiver
- It shows to them once it leaves draft — send it for signature.