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Job Costing Reports: Subtract
Period (Question 11) - not used
Subtract period determines the period type of information to exclude
from the report. Such adjustments are often needed for comparison or reconciliation
purposes. The default for this question is None.
- From the Subtract
Period drop-down list, select one of the following:
- Month
Subtract amounts for current and future months from Job-to-Date. The
result will be the costs at the beginning of the current accounting month.
This option can be used to reconcile Job Cost amounts to General Ledger
Work in Progress accounts (primarily used for Completed Contract accounting).
- Period
Subtract current production period data, such as dollars, units, and
hours from Job-to-Date amounts. The result will be the Job data as of
the end of the last production period. Period amounts are not subtracted
from Year-to-Date amounts.
- Future
Subtract amounts for dates beyond the entered month and year from Job-to-Date
dollars. In other words, enter the month and year to include costs through.
The result will be the costs as of the end of the entered period.
Note
If desired,
you may enter a closed month and year. The software will display the following
warning:
Selecting a closed period or year may produce incorrect results if detail
information has been purged.
At this point you can close the message and enter a different month/year
or select OK to proceed with the
report.
- None
Subtract nothing. The report will show total Job-to-Date billings,
costs, quantities, and hours.
- If you choose an
option other than None, you will
be asked to select the Cost Type(s) to include in the report. All of the
Cost Types are selected as the default. Deselect a Cost Type, by clicking
on the check displayed in the check box next to the Cost Type. If you
deselect a Cost Type, the check in the box next to the All option no longer
displays.
The following
is a list of the Cost Types that are available:
- All
Items
- Admin
- Equipment
- Labor
- Material,
Subcontract, Other
- Billing
and Receipts
See
Also
Reports
Introduction
Job
Cost Report Questions
Job Cost
Report and Questions Matrix