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Working with Construction Reports

Acumatica ERP Construction Edition gives you the ability to email and print various reports for a customer. In this chapter, you will find topics about working with these reports in the system.

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  • Construction Reports: General Information
    • In this chapter, you will learn how to do the following:
  • Construction Reports: WIP Reports
    • When companies use the percentage-of-completion method for revenue recognition, they include a WIP (which can indicate work in progress or work in process) schedule with their financial statements. WIP reports are designed to track the current progress of a project, as well as the financial performance of particular project tasks. The tracking of WIP gives you the ability to determine whether a project task is overbilled or underbilled relative to its progress.
  • Construction Reports: To Prepare a Work-in-Progress Report
    • This activity will walk you through the process of working with the work-in-progress (WIP) report.
  • Construction Reports: To Prepare a Bonding Report
    • This activity will walk you through the process of working with the bonding report.
  • Construction Reports: Substantiated Billing Reports
    • In the construction industry, when contractors bill their customers, the customers may want to see proof of the costs. In this case, the contractors need to provide supporting documentation along with the customer statement or invoice. For this purpose, contractors use substantiated billing reports. A substantiated billing report is a detailed document that provides evidence to support the charges and costs billed to a client. This report is crucial for transparency, proving that all billed amounts are justified and verifiable.
  • Construction Reports: AIA Reports
    • This topic describes the structure of the American Institute of Architects (AIA) report in Acumatica ERP Construction Edition and the available report variations. Also, the topic provides information on how you can reflect historic retainage and the release of change orders for the project.
  • Construction Reports: To Prepare AIA Report
    • This activity will walk you through the process of working with an American Institute of Architects (AIA) report.
  • Construction Reports: AIA Reports for Released Retainage
    • The topic provides information on how you can print the AIA report for released retainage.
  • Construction Reports: To Prepare AIA Report for Released Retainage
    • This activity will walk you through the process of preparing AIA report for released retainage.
  • Construction Reports: Time and Material Amounts in AIA Reports
    • In the construction industry, billing is typically based on the percentage of work completed during the billing period. However, project managers may decide to prepare the American Institute of Architects (AIA) reports based on the cost project transactions. The following sections describe the process for including time and material lines in AIA reports and the recommended project settings.
  • Construction Reports: Project Cash Flow
    • To keep finances healthy, you need to monitor each project’s cash inflow and outflow and know how much cash is available or needed to finish the project successfully. The Project Cash Flow (PM651010) generic inquiry form gives you the cash flow visibility you need. You can spot possible shortfalls or extra funds and ensure that each project has enough cash to cover expenses.
  • Construction Reports: Project Committed Costs
    • Project commitments generally originate from purchasing documents—purchase orders, project drop-ship orders, and subcontracts. As a project progresses, amendments to original agreements accumulate, updating the total committed costs over time.
  • Construction Reports: Project Profitability
    • Project profitability continually shifts as budgets get revised, costs accumulate, and billing catches up. The Project Profitability (PM658100) generic inquiry form helps you analyze revenue and costs as of any date, and evaluate financial performance with precision.
  • Construction Reports: Project Status
    • Acumatica ERP Construction Edition includes the Project Status (PM301500) form, which puts all of a project’s information in one place—from high-level metrics to financials, documents, and project reports. These reports help you stay on top of the project’s cash flow, committed and forecasted costs, variance versus plan, and work in process (WIP).
  • Construction Reports: Project Variance
    • The Project Variance (PM651020) generic inquiry form shows you where and why the project is over or under budget, schedule, or scope. Also, you can compare budgeted or scheduled values with actual values—a key step in keeping projects on track.