Using Contract and Project Statuses
Project and Job Costing sets Estimate as the default status for all new contracts and projects. The Estimate status lets you use the Contract Maintenance form to enter estimates.
As you enter estimates for your projects, the program automatically calculates and displays the revenue and cost estimates for each project, category, and (for standard projects) resource, and for the contract as a whole. If you specified overhead and labor burden rates, the program calculates the labor burden and overhead amounts, and includes them in the total cost estimate.
When a contract is signed, you change the contract status to Approved.
When work begins, you change the status of the contract to Open. The program lets you change the status of all the projects to Open when you change the contract status. You can do so, if you want.
Projects must have an Open status to be able to process transactions for them.
Once you change the status of a project from Estimate to Open or Approved,
Project and Job Costing does not allow you to update estimates directly.
However, if you have not processed any transactions against a project
in any Sage ERP Accpac programs, you can change its status back to Estimate.
(Before changing the status back to Estimate, you should 
ensure that the project is not used
in unposted transactions in any other Sage ERP Accpac program.)
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To check for unposted job-related transactions in Purchase Orders and Order Entry, print and review transaction lists in those programs.
Select the option to include job details on the report.
Do not select the option to include transactions with Posted status; select the options for the other statuses.
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To check for unposted job-related transactions in Accounts Receivable and Accounts Payable, print and review batch listings in those programs.
Select the option to show job details on the report.
Do not select the option to include transactions with Posted status; select Open and Ready to Post.
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To check for unposted job-related transactions in your Sage ERP Accpac payroll program, print a pre-check payroll job register
You must use the Revise Estimates form, in the PJC Transactions folder, to update estimates for projects that have been opened — usually following a change order approved by the customer. Revised estimates appear in the Current Estimates column of the project summary on the Project Maintenance form.