WIP Contract Schedules

Question

I am curious how Sage 300 users calculate gross profit for financial reporting on a monthly basis and what they use to tie it back to the jobs.

Bill Kormoski · Answer

There are some canned WIP reports in JC. You can use a custom WIP report that ties to GL -or Event1 has and Excel WIP available as well. 
 You have the the ability in JC/PJ to do Cost @ Complete /Cost to Complete AJE's to get Gross Profit. ou can use WIP as on a specific date and Misc Worksheets to enter AJE's.

Barrett Hildreth · Answer

Another option customers have used either as a canned standard report or with slight modifications is the JC Profit as of date Report, found in JC Reports, Cost Control, Profit as of date. Projected Profit is calculated as Revised Contract Amount minus Cost at Completion Amount. Of course, what defines this for Company A versus your Company can be different, but the report can be modified to meet your reporting needs.

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