Job Overview Workspace

Use this workspace to get a general overview of a job, including budgeted cost and billing price, hours entered, total amount of committed purchase orders, total amount invoiced, customer balance due, and revenue recognized.

This workspace displays:

• Budgeted cost and billing price in current budget, planning, and baseline budgets
• Non-approved billing price from submitted time, expense, and mileage sheets
• Registered and open hours, cost and billing price split by time and amount
• Amount committed on purchase orders
• Next invoice date according to the invoicing plan
• Total amount invoiced on account and amount net on account
• Total amount invoiced and total write up/down
• Billing price set for carry forward
• Customer balance due for the job
• Latest job progress evaluation
• Revenue recognized on the job
• Latest approved revenue recognition by completion percentage or WIP evaluation

The workspace introduces the Factor budgeted, entered, and invoiced on the job. This is calculated as the ratio (B _time + (B _amount - C _amount)) / C _time, where B and C are the total billing price and total cost price in the current job budget, entered on the job, and invoiced on the job respectively, and the sub-scripts refer to the activity type (so B _time is the total billing price for time related activities). In addition, there is a factor for revenue recognized with the same formula, where B is revenue recognized on the job and C is total entered cost price in case of capitalization at billing price, and otherwise, the total invoiced cost price.