USING THE FINANCIAL SUMMARY OF A JOB

Open a job record. In the single view simply click the "Show Financial Summary" link:

Financial Summary

It will display the following computed values:

  • Amount - This refers to the job amount
  • Total Invoiced - This is  the total amount that is invoiced against the job excluding tax
  • Percent Invoiced Including Variance - Computed as
    (Total Invoiced / Total Contract Value) * 100
  • Total Labour is the Total of the time entries against the job. The time entry is computed as (Hours* Hourly rate)
  • Percent Invoiced Including Variations- This is (Total Invoiced / Total Contract Value) * 100
  • Total Labour - The total of the time entries against the job ( each time entry rate formula is hours * Hourly Rate) 
  • Gross Profit- This is Total Invoiced -Total Job Cost
  • Percent Invoiced Excluding Variations -This is computed as follow:
    • Simple and Project Job-100 - (100 *(Remaining Amount / Variation Amount))
    • Recurring Job-100 - (100 * (Remaining Amount / Invoice Amount))
  • Total Expenses- This is the Total Cost of Materials Used against the job + Total POs
  • Total Job Cost- This is the Total Labour + Total Expenses
  • Gross Margin(%)- This is  the ((Total Invoice Value (Ex GST) - Total Job Cost) / Total Invoice Value (Ex GST)) * 100


Financial Summary

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