Over/Under Billing Presented by Brian Cancian. Welcome If you are applying for CPE credit, please be sure to sign in and sign out. Please write legibly!

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Presentation transcript:

Over/Under Billing Presented by Brian Cancian

Welcome If you are applying for CPE credit, please be sure to sign in and sign out. Please write legibly! Additionally, fill out the survey for a chance to win a free pass to the 2017 User Conference!

Today’s Session 1 What is Over/Under Billing or WIP? Configuring F OUNDATION to calculate WIP Ongoing system utilization and adjustments Over/Under or WIP reporting 2 3 4

What is Over/Under Billing or Work in Process (WIP)? The process of calculating the revenue earned on a project based on the actual percentage of completion, comparing it to what has actually been billed against the job, and adjusting the financial statements accordingly.

Configuring Your Software Proper settings for Over/Under Billings G/L Control File G/L Account Records J/C Control File Bonding Report Classes Control File

Ongoing Utilization Proper Job Setup Approved Change Orders (Owner C/O’s) Budget Adjustments (Estimate C/O’s)

Over/Under Reporting How do you run the report? Where do the figures pull from? How are the numbers calculated? What if something isn’t correct? Can financial statements be updated?

Thanks for Attending Over/Under Billing