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2/11/2009 11:46:26 AM
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pam
Posts 16
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I am finally getting around to some more of the job cost reports and I ran across the Committed Cost report. There is a column for total committed and open commitments and I am having trouble figuring out where the numbers are coming from. Thanks for your help!
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2/11/2009 12:25:16 PM
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admin
Posts 122
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Sure.
To find your open committments for a job, you would sum all your revised subcontract amount and then subtract off any invoices that have been applied to those subcontracts.
To find the total committed, you would take the open committments and then add the job's total cost to date.
The remaining budget for the job would be the difference between the sum of all revised cost code budgets and the total committed amount from above.
I hope this helps!
-Adam
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