Cost to Complete Report
For those with Branch level reporting. We have a new Cost to complete report in the Financial section of Branch Reporting.
This report will provide you with a “Current Position for each project.”
We take the total project value including variations and markup i.e the client total
Then display the invoiced to date amounts, then display the balance to be invoiced i.e Uninvoiced Total, Then the quote Total i.e your approved budget, then billed Total. We then display the Cost to complete Total (this has your overspends already removed as you need to still spend the money to finish the project)
Then we calculate if the project is in an overall positive or negative position.
If you have invoiced your clients more than the project value, we will display the money in the current position as a positive but the column for un invoiced will show as a negative as its money you have invoiced that hasn’t been allowed for.
In our examples below we can see our first job has a positive position as the funds required to finish the job is less than what the client is still to be invoiced. However, on our third job the funds required to finish the job is significantly higher than the income left to invoice so the job has a negative position.
