This field displays the description for the project.

If you are setting up the project, enter a description of the project in this field, using up to 60 characters.

The program assigns a sequential line number to each project you assign to a contract. You cannot change it.

You can use the Line Number field and its associated navigation buttons to select an existing project record for display.

While the project has an Estimate status, you can use the New button to start a new project record.

Enter or use the finder to select the code for the project you want to add. Note that you must first set up the project using the Projects form before you can add the project to an estimate or a contract.

This field appears only for fixed price projects that use the accrual-basis or billings and costs accounting method. Project and Job Costing gives you a choice of invoice types for these types of projects.

• Select Summary if you need to provide only summary details on customer invoices for this project.

• Select Item if you want to include item information (from the A/R Item List) with invoice details. Item invoices show billable and no charge transactions on their own separate detail lines.

Billing amounts are calculated when you post transactions for this project type, regardless of the A/R invoice type you choose.

The retainage percentage is used to calculate the retainage that a customer can withhold when paying an invoice.

The retainage percentage specified in the customer record is used as the default, but you can always change it.

You can edit this field only if you use retainage accounting in Accounts Receivable.

The retention period is used to calculate the due date for retainage documents.

The retention period specified in the customer record is used as the default, but you can change it.

If you change the retention period, the program recalculates the retainage due date, and vice versa.

You can edit this field only if you use retainage accounting in Accounts Receivable.

The program displays the default account set specified for the contract, but you can change the account set for a project.

Use the Finder to select the account set that includes the billings, work in progress, and expense accounts to charge when you post cost transactions for the project, and the revenue and cost of sales account to use when you recognize revenue for the project.

Note that this account set is different from the A/R account set that includes the receivables accounts to charge when you post invoices for the project. To change the A/R account set, you click the Zoom button beside the Customer Default field.

The accounting method determines how to recognize revenue for this project.

You can choose the accounting method only while a project has an Estimate status. Projects within a contract can have different project types and accounting methods. However, the accounting method you can select depends on the project type.

You can select:

• Completed Project.

• Billings And Costs.

• Project Percentage Complete.

• Total Cost Percentage Complete.

• Labor Hours Percentage Complete.

• Category Percentage Complete.

• Accrual-basis.

For fixed price project, or for a cost plus project that uses a completed project, total cost percentage complete, or labor hours percentage complete accounting method, select one of the following billing types for the project:

• Billable.

• Non-billable.

• No Charge.

(The project type and accounting method determine whether you set the billing type for projects, for categories, or for both, and whether you can change the billing type for individual transactions.)

The billings account represents amounts that have been billed but not yet recognized as revenue.

The program displays the billings account from the contract's account set as the default. You can change the billings account for a project only while the project has an Estimate status.

Note: The billings account is not used for projects that use the accrual-basis accounting method.

Select this option to prevent posting Accounts Receivable invoices.

Select this option to prevent posting job-related invoices in Accounts Payable and cost transactions in Project and Job Costing for this project.

If you want to enter information for a contact person for the selected project, click the Zoom button beside the Contact Information field.

A Contact Information form opens where you can enter the name, position, two phone numbers, a fax number, and an e-mail address for the contact.

The cost of sales account from the contract's account set appears as the default, but you can change the account as long as the project has Estimate status.

The program debits this cost of sales account when you recognize revenue for the selected project.

You specify the cost of sales account at the project level only for the following project types and accounting methods:

• Fixed price projects that use the completed project or project percentage complete accounting method.

• Cost plus projects that use the completed project, total cost percentage complete, or labor hours percentage complete accounting method.

For all other accounting methods and project types, you specify the cost of sales account at the category level.

For cost plus projects that have an Estimate status, you can enter the percentage of costs in addition to actual costs to be billed as profit.

The program uses the cost plus percentage from the project setup record as the default, unless you specified a default percentage on the Contract tab of the Contract Maintenance form.

You use these fields to specify the current start and end dates for an open project.

You can also set the same start and end dates automatically for project resources and resource categories. You can change the current start and end dates for each resource and each resource category, as long as the project is open.

If you use Microsoft Project to manage scheduling and tasks, you can revise the start and end dates in that project, then use the wizard in that program to synchronize the dates in Sage ERP Accpac Project and Job Costing.

Project and Job Costing displays the contract customer as the default customer for a project, and it displays the description from the Accounts Receivable customer record.

If you selected Allow Multiple Customers for the contract, you can change the customer, unless the contract is “internal,” that is, the contract customer is blank.

Type the customer number or use the Finder to select a different Accounts Receivable customer.

You can change the project customer to any customer until you add categories to the project.

Once you add categories and save a project, you can change the customer only to another customer that uses the same currency as the original customer.

Once you post the first invoice for the project, you can no longer change the project customer.

Project and Job Costing uses the account set, retainage percentage, and retention period from the Accounts Receivable customer record as defaults for a project, but you can change it.

Click the Zoom button () beside the Customer Default field to enter a different A/R account set, retainage percentage, and retention period for the project.

Note that the A/R account set includes the general ledger accounts to which invoices are posted in Accounts Receivable. (It is different from the PJC account set you enter elsewhere on the Project tab, which includes the billings, work in progress, and expense accounts affected when you post cost transactions for the project, and the revenue and cost of sales account used when you recognize revenue for the project.)

If necessary, you can change the account set for individual billing worksheet details and on the invoices Project and Job Costing generates for Accounts Receivable.

When you indicate that a project is finished by updating its status to Complete, the next time you recognize revenue for the project, the program closes the account and updates this field.

For projects that use a billing rate (such as time and materials projects), select one of the following sources for the default billing rate:

• Billing Rate. Select this option to use the billing rate specified for the project. (On a standard project, the billing rate is assigned to each material resource; on a basic project, the billing rate is assigned to the category.)

• Use Customer Price List. Select this option to use the price list for the specified customer to determine the billing rate.

• Use Specified Price List. Select this option to use a price list defined in Inventory Control. If you select this option, an additional new field appears that lets you enter the specific price list.

The default billing rate is used for documents you process in Order Entry and for material usage and material returns transactions you process in Project and Job Costing.

For more information about integration with Sage ERP Accpac Order Entry, see Integration with Sage ERP Accpac Order Entry.

Select this option if you want to post shipments in Order Entry and post invoices in Accounts Receivable for customers other than the project customer.

In multicurrency ledgers, the invoiced customer must use the same currency as the project customer.

Do not select the option if you want to allow billings only to the project customer.

This field appears for fixed price projects that use a completed project or project percentage complete accounting method and have an Estimate status.

Enter the percentage of costs in addition to actual costs that will be billed as profit.

The program uses the markup percentage from the project setup record as the default.

Select one of the following selections as the default cost for miscellaneous charges you process in Order Entry:

• Default Cost From Misc. Charges. If you select this option, the extended cost and extended amount specified in the miscellaneous charge setup record in Order Entry are used as defaults.

• Default Cost From Contract. If you select this option, the cost specified for the miscellaneous charge for the project category (on a basic project) or the resource category (on a standard project) is used as the default.

For more information about integration with Sage ERP Accpac Order Entry, see Integration with Sage ERP Accpac Order Entry.

If you have set up a purchase order in Sage ERP Accpac Purchase Orders, you can use the Finder to select the purchase order number. You can also enter a purchase order number manually.

You use this field to indicate your progress on a project.

A project can have one of the following statuses:

• Estimate.

• Approved.

• Open.

• On Hold.

• Inactive.

• Completed.

• Closed.

Note that if the contract has an Estimate status, you cannot change the status of any of its projects.

Project and Job Costing displays the default style specified for this contract, but you can change the project style for a particular project until you assign a category.

For the project style, specify:

• Standard to track costs and maintain statistical information for each resource and category you assign to the project.

Or

• Basic to track costs only by category for the project.

Together with the billing type, the project type determines the kind of details that appear on customer invoices for this project.

You can choose:

• Time And Materials.

• Fixed Price.

• Cost Plus.

While the project has an Estimate status, you use these fields to specify the projected start and end dates for the project.

You can also set the same projected start and end dates automatically for project resources and resource categories. You can change the projected start and end dates for each resource and each resource category, as long as the project has an Estimate status.

If you use Microsoft Project to manage scheduling and tasks, you can revise the start and end dates in that project, then use the wizard in that program to synchronize the dates in Sage ERP Accpac Project and Job Costing.

This is the account that the program will credit for project revenue.

The revenue account from the contract's account set appears as the default, but you can change it as long as the project has an Estimate status.

For all project types and accounting methods, the revenue account is specified at the project level, only.

The work in progress account is an asset control account that accumulates costs that have not yet been charged to cost of sales as part of the revenue-recognition process.

You specify the work in progress account at the project level only for the following project types and accounting methods:

• Fixed price projects that use the completed project or project percentage complete accounting method.

• Cost plus projects that use the completed project, total cost percentage complete, or labor hours percentage complete accounting method.

For all other project types and accounting methods -- except for accrual-basis, which does not use a work in progress account -- the work in progress account is specified at the category level.

For new projects, the program displays the customer tax classes assigned to the contract, if a default tax group is specified for the contract. If no default tax group is assigned to the contract, the tax classes from the customer record appear.

You can change the customer tax classes for a project, if necessary. (For example, you might need to calculate taxes for the tax authorities governing the site where you perform the work, rather than those operating in your customers home state.)

You can change the detail tax classes and, if the tax authority permits it, the Tax Included status for project types and accounting methods that are billed at the project level. These include:

• Cost plus projects that use the completed project, total cost percentage complete, or labor hours percentage complete accounting method.

• Fixed price projects that use the completed project or project percentage complete accounting method.

The default detail tax class is 1.

You do not specify detail tax classes on the Taxes tab for projects that are billed at the category or transaction level (such as fixed price projects that use an item invoice type and time and material projects).

Tax Authority and description fields appear on the project Totals tab for fixed price projects and for cost plus projects that use the completed project, total cost percentage complete, or labor hours percentage complete accounting methods.

The program displays the tax authorities from the customer record in Accounts Receivable. You cannot change them.

Project and Job Costing displays the tax group used for the project customer in Accounts Receivable as the default tax group, but you can change the tax group for a project, if necessary.

Tax fields appear on the project Totals tab for fixed price projects and for cost plus projects that use the completed project, total cost percentage complete, or labour hours percentage complete accounting methods.

The tax included status from the customer record appears as the default, but you can change it for the project if the tax authority permits.

The program displays the project costs that you have posted through Accounts Payable or Project and Job Costing (such as timecards, material and equipment usage, and so on).

The revenue shown in this column is the amount you have invoiced to date for the project.

The Actuals column also displays the profit to date.

The program displays the total committed costs (purchase orders) posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The column can also include tax on retainage payable, depending on how you report tax on retainage in Accounts Payable. (If tax on retainage will be reported when you post the retainage invoice, that tax is included as a commitment in Project and Job Costing.)

The Current Estimates column reflects revised estimates for the extended cost, labor amount, overhead amount, total cost, total revenue, and total profit.

In multicurrency systems, when the customer currency is different from your functional currency, you specify exchange information to use in calculating the estimate.

Once you open the project for transactions, the program saves the exchange information as Original Rate Type, Original Rate Date, and Original Exchange Rate, letting you enter current values in the Rate Type, Rate Date, and Exchange Rate fields for calculating the current estimate.

This is the total cost for the project, before labor burden and overhead amounts are added.

This field appears only for fixed price projects.

While the project has an Estimate status, use this field to enter the fixed price you are charging the customer for this project.

This field shows the total labor burden you originally estimated for the project, the current estimate (including revised estimates) for labor burden, and the actual total labor amount based on posted labor transactions.

The Original Estimates column shows the estimates for the extended cost, labor amount, overhead amount, total cost, total revenue, and total profit entered before you opened the project for transactions.

This is the exchange information used to calculate the original estimate.

This information is saved when you open the project for transactions.

You enter current values in the Rate Type, Rate Date, and Exchange Rate fields to calculate the current estimate.

This field shows the total overhead you originally estimated for the project, the current estimate (including revised estimates) for overhead, and the actual overhead amount incurred on the project based on posted transactions.

This column shows the total revenue you have recognized for the project, as well as the matching costs.

For projects that use the total cost percentage complete, labor hours percentage complete, project percentage complete, and category percentage complete, the Recognized column also shows the recognized total profit. (In multicurrency ledgers, the profit is shown in functional currency, only.)

The Stored column shows the cost of material held in storage for the project until you allocate it for use.

This information is used to produce the AIA report.

The program updates the Stored column when you post any type of cost transaction for a material resource, regardless of whether the transaction is billable, non-billable, or no charge.

The Totals tab displays the original and current total estimated cost for the project, the actual costs incurred on transactions, and the costs that match the revenue you have recognized for the project.

The program displays the total profit you originally estimated for the project, as well as the current estimated profit (including revisions to the original estimate).

It displays the actual profit to date based on cost transactions charged to the project and invoices billed to the customer.

It also displays the profit to date based on the revenue you have recognized. (This profit amount is shown in your functional currency, only.)

The program displays the total revenue you originally estimated for the project, as well as the current estimated revenue (including revisions to the original estimate).

It displays the actual revenue to date based on invoices billed to the customer.

It also displays the revenue you have recognized to date. (This profit amount is shown in your functional currency, only.)

The Actuals column displays the total labor costs that you have posted to the project, and (depending on the project type and accounting method) the related revenue earned.

The amount also includes job-related payroll checks processed in US or Canadian Payroll for the project.

The program displays the total committed employee costs posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The Current Estimates column reflects your revised estimates of the quantity and cost of labor, and the associated estimated revenue.

The Overhead Amount field shows the estimated (both original and current), committed, and actual labor burden associated with employee expenses for the selected project.

The Original Estimates column shows your original estimates of the quantity and cost of labor, and the associated estimated revenue. This column does not include revised estimates.

The Overhead Amount field shows the estimated (both original and current), committed, and actual overhead costs associated with employee expenses for the selected project.

The Employee tab shows the total quantities estimated for labor for the project, as well as the actual quantities posted to the project.

The Employee tab displays the original and current total estimated cost of labor for the project, as well as the actual labor costs posted for the project.

The Employees tab displays the original and current estimates of revenue you expect to be generated from labor.

In a multicurrency system, the amount is given in both functional and customer currencies. The current estimated revenue is based on the current exchange rate.

The Actuals column displays the total miscellaneous costs and charges that you have posted to the project, and (depending on the project type and accounting method) the related revenue earned.

The program displays the total committed miscellaneous costs posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The Current Estimates column reflects your revised estimates of the quantity and cost of miscellaneous expenses, and the associated estimated revenue.

The Original Estimates column shows your original estimates of the quantity and total miscellaneous costs you expect to charge the project, and the associated estimated revenue. This column does not include revised estimates.

The Overhead Amount field shows the estimated (both original and current), committed, and actual overhead costs associated with miscellaneous expenses for the selected project.

The Miscellaneous tab shows the total quantities you estimated for the miscellaneous costs you will charge to the project, as well as the actual quantities posted to the project.

The Employee tab displays the original and current total estimated cost of labor for the project, as well as the actual labor costs posted for the project.

The Miscellaneous tab displays the original and current estimates of revenue you expect to be generated from miscellaneous costs.

In a multicurrency system, the amount is given in both functional and customer currencies. The current estimated revenue is based on the current exchange rate.

The Actuals column displays the total overhead costs that you have posted to the project, and (depending on the project type and accounting method) the related revenue earned.

The program displays the total committed employee costs posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The Current Estimates column reflects your revised estimates of the quantity and cost of overhead, and the associated estimated revenue.

The Original Estimates column shows your original estimates of the quantity and cost of overhead, and the associated estimated revenue. This column does not include revised estimates.

The Overhead Amount field shows the estimated (both original and current), committed, and actual additional calculated overhead costs associated with overhead directly charged to the selected project.

The Overhead tab shows the total quantities estimated for overhead for the project, as well as the actual quantities posted to the project.

The Overhead tab displays the original and current total estimated cost of overhead for the project, as well as the actual overhead costs posted for the project.

The Overhead tab displays the original and current estimates of revenue you expect to be generated from overhead.

In a multicurrency system, the amount is given in both functional and customer currencies. The current estimated revenue is based on the current exchange rate.

The Actuals column tab displays the total equipment costs that you have posted to the project, and (depending on the project type and accounting method) the related revenue earned.

The program displays the total committed employee costs posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The Current Estimates column reflects your revised estimates of the quantity and cost of equipment you will charge to the project, and the associated estimated revenue.

The Original Estimates column shows your original estimates of the quantity and cost of equipment, and the associated estimated revenue. This column does not include revised estimates.

The Overhead Amount field shows the estimated (both original and current), committed, and actual overhead costs associated with equipment expenses for the selected project.

The Equipment tab shows the total quantities estimated for equipment for the project, as well as the actual quantities posted to the project.

The Equipment tab displays the original and current total estimated cost of equipment for the project, as well as the actual equipment costs posted for the project.

The Equipment tab displays the original and current estimates of revenue you expect to be generated from equipment costs.

In a multicurrency system, the amount is given in both functional and customer currencies. The current estimated revenue is based on the current exchange rate.

The Actuals column displays the total subcontractor charges that you have posted to the project, and (depending on the project type and accounting method) the related revenue earned.

The program displays the total committed employee costs posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The Current Estimates column reflects your revised estimates of the quantity and cost of subcontractor costs you will charge to the project, and the associated estimated revenue.

The Original Estimates column shows your original estimates of the quantity and cost of subcontractor costs you expect to charge to the project, and the associated estimated revenue. This column does not include revised estimates.

The Overhead Amount field shows the estimated (both original and current), committed, and actual overhead costs associated with subcontractor expenses for the selected project.

The employee tab shows the total quantities estimated for project subcontractor charges, as well as the actual quantities posted to the project.

The Employee tab displays the original and current estimates of subcontractor costs you will charge to the project, as well as the actual subcontractor costs posted for the project.

The Subcontractor tab displays the original and current estimates of revenue you expect to be generated from subcontractor charges.

In a multicurrency system, the amount is given in both functional and customer currencies. The current estimated revenue is based on the current exchange rate.

The Actuals column tab displays the total material costs that you have posted to the project.

The program displays the total committed employee costs posted for the project in Sage ERP Accpac Purchase Orders.

The program increases the committed costs when you post purchase orders and returns in Sage ERP Accpac Purchase Orders, and decreases the amount when you post receipts.

Project and Job Costing is also updated when you change any of the following amounts on a Purchase Order:

• Change in quantity.

• Change in cost.

• Adding new detail lines.

• Deleting a detail line or a purchase order.

• Change in exchange rate.

• Change in tax rates.

When you post a job-related receipt, Purchase Orders reverses the commitments in Project and Job Costing, and updates the actual quantities and costs, for the received amounts. It also records any additional costs you post with receipts.

The Current Estimates column reflects your revised estimates of the quantity and cost of material you will charge to the project, and the associated estimated revenue.

The Original Estimates column shows your original estimates of the quantity and cost of material you will use for the project, and the associated estimated revenue. This column does not include revised estimates.

The Overhead Amount field shows the estimated (both original and current), committed, and actual overhead costs associated with material expenses for the selected project.

The Material tab shows the total quantities estimated for material to be used for the project, as well as the actual quantities posted to the project.

The Stored column shows the quantity and cost of materials held in storage for the project until you allocate it for use.

This information is used to product the AIA report.

The program updates the Stored column when you post any type of cost transaction for a material resource, regardless of whether the transaction is billable, non-billable, or no charge.

The Material tab displays the original and current total estimated cost of material to be used for the project, as well as the actual material costs posted for the project.

The Material tab displays the original and current estimates of revenue you expect to be generated from material costs.

In a multicurrency system, the amount is given in both functional and customer currencies. The current estimated revenue is based on the current exchange rate.

The Current Billings field appears for cost plus and fixed price projects. It shows the total amount you have invoiced for this project.

The Expected Billings field appears for time and materials projects and for fixed price projects that use an item invoice type.

It shows the sum of the billing amounts from posted transactions. In a multicurrency system, the amounts are shown in the project's source currency.

This is the date of the last payment that was posted for this project in Accounts Payable.

This is the date of the last customer receipt that was posted for this project in Accounts Receivable.

This is the completion percentage that was used the last time you created billings for this project.

This is the date you last posted a billing worksheet that included this project.

Payroll updates this field when you successfully print and post job-related payroll checks in the US or Canadian Payroll program.

This is the date you last posted a cost transaction for this project.

This is the date that you last posted an invoice in Sage ERP Accpac Order Entry for this project.

This is the date that you last posted a shipment in Sage ERP Accpac Order Entry for this project.

This is the date that you last posted a purchase order in Sage ERP Accpac Purchase Orders for this project.

Enter the date that you posted the last receipt in Purchase Orders for this project.

Enter the date that you posted the last Purchase Orders return for this project.

This is the completion percentage that was used the last time you recognized revenue for this project.

This is the date you last posted a revenue recognition worksheet that included this project.

This is the date you last posted a revised estimate for this project.

If you use retainage accounting in Accounts Payable, the program displays the current retainage amount outstanding for the project in Accounts Payable. You cannot edit it.

The amount displayed is in your functional currency.

The program updates the field when you post an original Accounts Payable invoice, debit note, or credit note for the project that includes retainage. It also updates the field when post retainage documents to clear amounts from the Accounts Payable outstanding retainage control account. Also, it updates the field with the committed tax amount when you post an original document that includes tax that is payable later.

This field displays the current retainage amount outstanding for the project in Accounts Receivable. You cannot edit it.

If you use multicurrency, the amount displayed is in the project's source currency.

The field is updated when you post an original Accounts Receivable invoice, debit note, or credit note for the project that includes retainage. It also updates the field when you post retainage documents to clear amounts from the Accounts Receivable outstanding retainage control account.

This is the total amount of payments you have made to vendors for purchases made for this project.

This amount is the total your customer has paid on invoices for this project. (In a multicurrency system, the amounts are shown in the project's source currency.)

The field is updated when receipts and refunds of prepayments are posted for the project in Accounts Receivable.

This tab appears only if you use Sage ERP Accpac Transaction Analysis and Optional Field Creator.

If you set any project optional fields for automatic insertion, they appear on the tab along with their default values when you set up the project.

You can edit or delete any automatically inserted optional fields on the tab, and you can add different optional fields that you have defined for projects.

Optional field entries from the project setup record appear as defaults when you add a new project to a contract.

If an automatically inserted optional field is not used in the project setup record, the default entry from the optional fields record appears.

You can accept or change the default entries.