@Stéphane Bélanger - I have a discussion with our VAR tomorrow re: options for label printing. I’ll send you an email as well to see when we can connect.
Thanks, @Omar Ghazi for the information. Very helpful. We will consider when/if we want to look into this with you.
Thanks @Omar Ghazi - Is there a similar guide/instructions re: the Teams integration? I had another post at this same time on that topic.
All - we’ve updated our approach a bit after some internal discussion and assist from Heidi so I wanted to circle back on my post. If others are working through this topic, I’d be open to visiting. Update to my earlier points below by # … Cost Projections: We are planning to use this independent projection of costs to drive Project over/under billings. Progress Billings: No issue here. We’re content with manually derived billings that are not formula driven from any cost inputs. Actual Costs: We’ve decided that we will keep the $ value in Inventory upon receipt, until subsequent Inventory Issue to the Project. In this way, it will delay the realization of job costs and subsequently the earner revenue on the Project given the cost-to-cost approach we’re taking to revenue recognition. But, we believe that will be appropriate and conservative. WIP Report tracking: We are going to customize the WIP Report to pull from the ‘Cost Projection’ not the resulting CO impacted Cost Budget. Min
@dmzasdf - I’m on the same page with how you laid this out. Did you find the answer you need? If so, how are you approaching revenue recognition and reflecting over/under billings? I’ve not found the allocation rules & tools highlighted to be effective; perhaps I need to explore them more.For context: We are a specialty subcontractor that (i) develops and submit progress billings based on observable progress and (ii) recognize revenue on a cost-to-cost basis per GAAP 606.As you pointed out progress billings project to date = 75% and you’ve only expended 60% of current budgeted costs you are over-billed requiring an offset for the overbilling by Dr: Revenue and Cr. Overbilling Liability. Currently, I’m planning to handle over/under billings analysis in spreadsheet outside of Acumatica as part of monthly close and input a top-side JE to reflect the aggregate adjustment for all projects. Issues we’re currently seeing: Cost Projection: I’d like to use the Cost Projection screen where w
Following. Likewise, interested in others experience with this type of transaction and generally about the management of INVENTORY with respect to PROJECTS. You’re situation sounds like it will be a common situation for others. @gbrazelton14 - I found that you could go to the inventory Issues and click on the Batch Nbr. and the new *** (three dots menu) in 2021 R2 includes the option to “reverse” and “reclassify” which may be the answer for you. I’ve not done any testing on reversing inventory “issues” to a Project (yet).
Update: It appears that the mobile app version of the Daily Field Report does not allow “crew time” entry … it is only permitting time of the individual logged into the app. Meanwhile, on the web-based version, you can enter time for multiple crew members … Question: Is anyone aware of a work-around to enable CREW TIME in the DAILY FIELD REPORT on mobile app? Thanks, John
We have not found the “Project Budget Forecast” tool useful for us. We are planning on using “Cost Projections”. I am not sure if the “Project Budget Forecast” tool feeds into the WIP or not, but would be interested in finding out. @mike.gillum - Testing out the “reach” of the community posting/board .. and I wanted to loop you into this discussion … can you share some thoughts or resources to help us understand best-methods for incorporating cost-to-complete into the WIP reports? Looking to find the right balance of (1) ease of updating and (2) robustness of the cost projections … The other critical consideration is the potential for inconsistencies or conflicts when/if inputting cost projection information into two locations “Cost Projections” and “Project Budget Forecast” Thank!
@jwiebke89 Great insights. If the detailed “Project Budget Forecast” tool doesn’t allow you to flow projected cost-to-complete into the WIP schedule … what field/inputs are you using to drive the forecasted total cost-to-complete in the Acumatica WIP Report?For context: I’m with a specialty subcontractor in the glass & glazing space, and we’re mid-flight in the implementation process. Thanks in advance.
Hi - For job cost tracking we are using the hierarchy of TASK > COST CODEWe have 6 different TASKS “groupings” and within each a # of various cost codes. The aggregate listing of all TASK > COST CODES build the COST BUDGET.
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