Problem
Reports, values or amounts used in Income and Cost
confusion about Income and cost reports
in Goldenseal accounting
software
Diagnosis
1) Income reports use:
Total Cost from Other Costs and Subcontractor Costs; T&M Amount from Equipment Hours; Total Wages
from Labor Hours; and Net Price from Material Purchases.
2) Cost reports use:
Net Price from Material Purchases and Other Costs; and Job Cost Amount from Subcontractor
Costs, Labour Hours, and Equipment Hours.
These reports do not use the actual amount paid on the cost transactions.
An exception to #2 is Expenses>Cost By Category: uses the Gross from Labor Hours and the Total
from Subcontractor Costs (1.07 and earlier), w/1.08 on this report is gone.
Solution
Note that the amounts used in the reports have no modifiers such as Discounts, Finance
charges, or Late Fees, but may have adjustments for burden, overhead, etc.
Also note that Job Cost and T&M Amounts based on 'net plus' rates change when the transaction is
billed or paid.
Comments
Entered 10/22/01 by Gor.
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