Here is an example. There are 2 unbilled lines on this old PO. Should they be left this way? Is this accrual being held?
We just learned that we were not doing our billing reversals correctly. Making corrections in AR hit the AIA the proper way. Thank you!
It was done through A/R as a billing reversal. When we are in these screens and export into Excel, the credits are not shown as negative numbers. Apparently this carries over into the AIA screen.
@iqraharrison48 - thank you for these instructions. I followed the steps and it did generate one billing for all the held retention. However, it is not deducting a credit memo from the balance. It shows the completed and stored to date number higher by the amount that should be subtracted out of the billing. Our negative numbers are currently pulling as positive numbers, or are omitted all together. Once this is fixed, I believe this way of billing retention should work. Thank you!
Thank you @aaghaei ! We had a slow start and I’m trying to make sure we are using the system to it’s full potential :)
I am on 2022 R2. Thank you.
A follow up to this issue is that the “quantity” column is not a percentage. Is there a way to make it a % that calculates for you? For example if I want to budget 50% over 2 months - can it calculate that amount into those columns? I’m having a hard time with so many things having to be calculated manually before input. I mainly want to make sure I’m not missing something - and doing things the hard way :)
Thank you! We use this in other areas but haven't tried it here. I’ll give it a shot.
Am I understanding correctly, that you guys are updating your cost projections manually right into the cost projection entry? When we do this, it does not flow correctly. We HAVE to export each project into excel for the changes to update correctly. Having 40 projects to update before WIP meetings is way too time consuming. We are clearly doing something wrong :)
Correct Laura02. This is what I’m looking at:When I need to reforecast into the future - I have to manually do each line. I was hoping there was a way to select the date when using “generate periods”. We have our budgets broken out into many lines. Thanks!
On page 90 of the manual posted above, it says “The cost projection revision that you have created cannot be released because its level of detail does not fit the budget level of detail of the project. So after you have performed the initial analysis, you will create a cost projection revision with the same budget detail level as that of the project” “In this step, you will create the second cost projection revision and release it. You will then prepare a construction bonding report with the projected amounts. Do the following:” I took that to mean the projection needed to be done twice? We have not used the bonding reports, so I’m not familiar with this. We have been updating the cost projections by importing to Excel, updating the spreadsheet and then uploading. This just didn’t seem like the easiest way since we have quite a few projects. Thank you for your help. Tracey
Am I understanding this process correctly, that the “create cost projection” steps needs to be done twice? Is this the simplest way to update the costs for many projects? Thank you.
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