Sage 50 projects advice

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Description

Experience Level: Intermediate
We are an electrical contractor and we typically work on a range of projects from 1 day to 12 months in length, on the larger projects we need a system to keep track of project costs, to check at regular intervals and adjust if necessary.

My main questions are as follows

1. When setting up the resources ie staff, what figure do i use for their hourly rate - their wage rate, wage rate plus employers NI, what we charge for them etc...
2. When entering budget figures, do i enter what we are charging the client, what the work costs us etc....
3. What reports can i run to check the project is on track and how can i tell when their is an overspend on labour or materials
4. How can i keep track of the cost of materials we have ordered but have not received an invoice for therefore cannot put on sage
5. In the analysis screen, what is the difference between actual, committed and total cost also between actual and total variance

Also are you able to provide a worked example for me?

I want to be able to use projects to keep track of 2 things in term of budgets

1. What we estimate the materials and labour will cost us versus what they actually costs us determined by purchase invoices and staff timesheets
2. What we are charging the customer for materials and labour versus cost to date.

Thanks

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