Can we enter a total Job Contract price and every time we invoice the balance is tracked and red ...

locagypsy

uced by the current invoice amount until it reached zero

Hi,

 

Just seeing if anyone has an updated method or approach to the question asked in this post back in 2015 and again in 2022.

https://community.myob.com/t5/AccountRight-Sales-and-purchases/Can-we-enter-a-total-Job-Contract-pri...

 

I am using Accountright Plus 2023, and would love the detailed steps to:

 

1. Enter in the Total Contract Price

2. Invoice Progress Payments, then when the Builder pays, allocate it against the Total Contract price

3. Also have a section for any Builders Retentions, so you can still see Total Contract Price remaining, but also what you are still left to invoice out, less the retention(s) value.

 

If someone can lead me in the right direction and give a run down on how to do this, if Accountright Plus 2023 has the functionality, or if an Add-On is required in order to achieve this, this would make tracking of larger projects for many people much easier.

 

Thank you.

Genreve_S

Hi @locagypsy, 

 

Thanks for posting your concern in the Community Forum. 

 

I appreciate you posting the thread you found in the forum. I understand how having a certain contract price for a job would make sure that we don't shoot over the budget. The thread you've sent highlights two options. 

• To have an add-on to do the function we intend the application to have.
• To use budgets to track certain thresholds for ledger accounts. 

Both these options are good depending on how you use them. Unfortunately, the application does not have budget tracking specific to jobs. We will raise this again with the development team as a suggestion.  

 

In the meantime, feel free to post again if you need any other assistance. 

 

Cheers, 

Genreve