An accounts receivable purchase agreement is a legally binding contract that governs the purchase of accounts receivable between parties in a specific location. Learn how to record retention receivable and payable, and why it can be essential for your construction business.The Collection Services Bureau is responsible for the collection of all delinquent state tax accounts for the State of Michigan. All revenue contracts must first be entered in the Contracting System. Learn why construction accounting differs from traditional bookkeeping. Understanding Contract Basics​​ The process of negotiating a contract starts with the offer, an invitation to enter into a binding contract. Accounts Receivable Management reference for credit managers and controllers in the construction and building material supply industries. Included is information on the basics of student debt, financial assistance, scholarship opportunities, impact stories from MDA members, and more.