Job Costing Income

Problem

Bank Deposit that is 'job cost only' does not show in Job Costs command or report. It does appear in itemized breakdown.

Also confusion between using of deposits, payment receipts and Billing Records for job cost income.

Diagnosis

The Job Costs command is not showing the income amount that user wants.

Solution

There were several bugs in handling of job cost income, in early versions of Goldenseal job costing software. Version 2.4 fixes them all.

In Options--Preferences--Income, you can now set whether the Job Costs window uses cash income (deposits and payment receipts), accrued income (sales or billing records) or both. Note that accrued income usually comes in faster than cash income, but if the client has made a payment on account, cash income may be greater than accrued income for the project.

Comments

Entered 7/25/03 by Dennis. Updated 11/6/2010.