You can use the job Cost Control worksheets in the MacNail
construction accounting software to track percentage of completion of your projects. The worksheet
will give you an estimated total project
cost, and the estimated total cash flow remaining.
NOTE-- Goldenseal construction
accounting software uses a similar system for tracking project
progress. Goldenseal was released in 2000,
and replaces MacNail accounting.
To track project progress:
1. Post all job costs
to the Cost Control worksheets (see page 130).
2. You may also want to allocate some of your
general overhead to the project by typing a number into the actual
cost columns of the Overhead row.
3. Enter your guess at the percentage of completion
for each construction item into the pct done column (see the
next section).
4. Check the predicted cost column for each item to see
how it compares with the original estimate. The hi low column will tell
you if it looks like it will be over or under budget.
5. Check the 'bottom line' to see the original estimate,
the amount spent to date, and the predicted total cost for
the project (based on percentages of completion).
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