To use the MacNail construction accounting software to
track your project's finances:
1. Scroll down to the bottom of the worksheet. Notice the 'bottom line' figures
that show you the original bid total, the amount spent to date, and the predicted total cost.
2. Below that are some 'billing figures'. The amount paid to date is based on figures from the Checkbook
Ledgers. Value of work completed is based on the percentages of completion that you have estimated. If your contract
calls for a 'hold back' or retainage, type the percentage into the retainage cell. The total amount due
tells you how much you should be billing for--it can be used as a report to go along with your normal requisition
requests.
3. At the bottom are further job tracking figures. They will not be printed. Total project costs, and the
difference from the original estimate, are calculated on both a dollar basis and a percentage basis. Your 'estimated
versus actual' profit is also computed.
NOTE-- In 2000, MacNail was replaced by
Goldenseal construction
accounting software. Goldenseal is an integrated program that
includes general accounting, job costing, payroll and
project billing, plus estimating and other features.
It also tracks project job costs.
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