The Contract Costs chart allows the user to review the total
costs incurred on the contracts of the type Cost Plus or Time and
Materials.
The Contract Cost report displays the following
data:
Billed :
The costs invoiced to the customer for the
project.
To be Billed:
The costs for the project that are yet to be invoiced to the
customer.
Total:
The sum of Billed costs and To be Billed costs for the
project.
Total = Billed + To be Billed
Unbillable Costs:
The cost for the project that will not be invoiced to the
customer.
Total Costs:
The total costs incurred for the project.
Total Costs = Billed + To be Billed + Unbillable
Contract Cash Flow by Period report
Contract Cash Flow by Period report
The Contract Cash Flow by Period report displays the Net Income
of a contract for a specific Period. This report also provides a breakup of the
billed invoices, costs and overheads for a period.
The Contract Cash Flow by Period report displays the following
data:
Billed Invoice:
The total invoiced amount to the customer. The Include Advance
option includes the advance amounts in the billed invoices.
Expenses:
Expenses are categorized as cost types:
Labor Costs
Subcontracted Service
Equipment Costs
Sundry Costs
Material Costs
Overhead
Total Expenses:
The sum of expenses for all the cost types for the specific
period.
Total = Billed + To be Billed
Net Income:
Billed Invoice - Total Expenses.
Contract Overdue Report
Contract Overdue Report
The contract overdue report displays the overdue amount against
the actually invoiced amount, for a contract.
Note
This is an ad-hoc report and displays the correct values when
the selection is made for the appropriate settings.
To generate the report, specify:
Company
The code of the company.
Currency Type
The type of the currency in which the data is
displayed.
Contract
The contract number for which the report is
generated.
Contract Line
The contract line linked to the contract.
Include Advances
If this check box is selected, the overdue amount of the contract includes
advances.
The report displays:
Project
The project linked to the contract.
Currency
The currency is based on the Currency Type selected in the
settings.
Billed to Customer
The amount invoiced to the customer. These are the revenue
transactions for which sales invoice processing is performed.
Anticipated Bills
Any expected bill that can be invoiced to the customer, if
required.
Overdue Bills
The amount that is not paid by the customer on the due
date.
Total Bill Amount
The total amount including the overdue bills that must be paid
the customer.