Job Cost Income

Feature

In version 3.4 of Goldenseal job cost accounting software, we have moved the Job Cost Income popup field from Income Preferences to Expense Preferences.

It still has the same action, but it is now grouped with the other job costing preferences.

Suggested By

Turtle Creek Staff.

How to Use

The Job Cost Income popup field controls the type of income that is displayed in the Job Costs window and Job Costing reports.

You can show any of the following choices:

• Cash (When Paid)-- income is based on bank deposits from customers and projects.
• Accrued (When Due)-- income is based on customer sales and project billing records
• Max of Cash and Accrued-- income is the higher of the cash or accrued income.

Technical Details

If you are paid in advance for projects, the Cash income will usually be higher than the Accrued income.

If you collect for work after it is completed, the Accrued income will usually be higher than the Cash income.

Using the Maximum number will give you the most optimistic value for project income.