We are a Cost Plus Construction company. We contract a job as a budget, with the Profit & Overhead based on the budget as a percentage. We use the Progress Invoice to bill against the contract/budget -- but we need an additional "Realized Overage/Underage" line/calculation in order to get a more accurate "Balance on Contract" so the customer has a better idea of what the final cost of the job will be. Currently, we have to create a separate Cost to Complete report in Excel -- but it is still confusing to the client, having the Balance on Job incorrect on the Progress Bill.
I know, sound confusing.
by: Sharon S. | over a year ago | Accounts Receivable
Comments
Any progress on this issue??