Please provide a Job Cost Profit Estimate field, that calculates simply using Contract Price less Cost Estimate. The Projected Profit field on the Job Maintenance Status tab, currently takes into account Job Costs to Date and Actual % Complete. This calculation is appropriate to analyze where profit stands as of a given date and process; however, the Estimated Profit field is necessary at the preliminary phases of the Job and can later be compared to the currently provided, projected profit field.
by: Sheryll C. | over a year ago | Payroll / Job Cost
Comments
Right now the projected costs to complete can be higher than the revised estimate if there has only been a small amount of costs booked. This skews the Projected Profit field. At least cap the Projected Costs to Complete to the Revised Estimate-JTD Costs.