Financial Reports

Problem

financial reports in MacNail accounting software don't match job costing reports
" total income/outgo isn't sum of job i/o!"
" office i/o doesn't match office cc!"

Diagnosis

The financial report is an itemized report of income/outgo by job, which is created from a LEDGER. If they are using logs AND ledgers for their info, financial report WILL most likely come out different when compared to job costs- best is to use individual reports from each log, OR use p&l functions to get job and monthly p&l.

Solution

Job costing in MacNail construction accounting software includes "burden" and other approximations.

NOTE-- Goldenseal job cost accounting software has a similar difference between job costs and regular accounting reports. It's a basic difference caused by the different ways the two values are calculated.

Comments

Entered 11/30/93 by Vinay. Updated 11/8/2010.