Costing provides the ability to assign expenses and revenue to jobs or projects, or to other entities such as properties or funds. Fixed and
variable costs may be allocated by job. Purchase Orders is integrated, in order to control expenses.
Manage fixed and variable expenses, wages and revenue for each job (or project).
Features
Manage fixed and variable expenses, wages and revenue for each job (or project).
- Allocate expenses to a job when entering invoices in Adagio Payables.
- Send revenue automatically from Adagio Receivables or Adagio Invoices, avoiding duplicate data entry.
- Recognize revenue using any of 5 revenue-recognition methods:
- Amount billed and costs incurred to date
- On completion of job
- Percent completion of total cost
- Percent completion of labor hours
- Percent completion of phases/categories
- AIA Billing Worksheet report is included.
- Change orders track authorized budget changes to a project.
- Unlimited additional comments and a chronological note history explain job progress
Purchase Orders provides automation for the procurement and budget control processes. It integrates with Job Costing.