Companies are Businesses, Companies, Subcontractors, or Suppliers you do business with on your projects. For example, Home Depot, your General Contractors, Painters, Real Estate Broker, Lender, Title Company, etc.
Contacts are employees in a Company or any random individual you need to store in your database. Contact Examples: A potential buyer, a home seller, your mother-in-law etc.
One of the key differences between Companies and Contacts, is Companies can be assigned to your Project Schedule Tasks and assigned to Expenses.
Companies on the Expense Tracker