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We need a Report similar to a WIP but that is generated from project billings. All jobs billed 50%...all jobs billed 75%, etc. We need a simple report showing our "work in progress" and backlog. With all reports tied into the SOV amounts there are no reports that list just a contract values. Could a contract value also be added to the Project setup information screen so we could run reports using that data? Our PM's don't always get the SOV's approved in a timely manor and that leaves my reports with a lot of zero values.

  • Joy Taillefer
  • Oct 13 2016
  • In Review
Company Chandler Architectural Products, Inc.
Job Title / Role Office Manager
I need it... Yesterday...Come on already
  • Attach files
  • Jeff Koster commented
    October 27, 2016 12:06

    You don't have to wait for SOV to put a contract value in, just plug the total contract value into Project Setup - Billing Code Setup.  We make a parent billing Code 01 "General"  with a child billing code 01-98 "Misc General".  We stick the full contract value into 01-98 line.  Because we do not run AIA/SOV detail billing out of the program, we never have to go beyond this level of detail in the Billing Code Setup - we adjust the current contract value here monthly as needed to keep the WIP reporting accurate.  If Project Managers are doing Owner Change Order properly and prior to month-end, that will actually keep the contract value up to date for us.  We use a modified "Bonding Report" as our WIP schedule.  It has all the info we need for WIP and Backlog purposes.  We review estimated profit and make incremental monthly adjustments to the Budgeted Cost on the project as needed to keep projected profit margin in line on the Bonding Report.  You do have to be watchful about the dates of budget revisions - they need to be back-dated into the month for which you want them to be effective on your month-end WIP report.  

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