Creating new loan draw applications automatically
Creating new loan draw applications manually
About updating costs in loan draw applications from change orders
About updating project costs automatically
About updating project costs automatically
You can choose from three methods to automatically update the costs from the job cost records. Because the costs only represent an estimate of the work actually completed, you can edit the amounts in the Current or Percent Complete columns.
|
Option |
What it does |
|---|---|
|
Percent from Costs |
Updates the current costs from the job costs, and computes the percent of work completed by comparing the budgeted costs to the total job costs. |
|
From Cost Amounts |
Updates the current costs from the job costs. Use this when a project has no budget entered in Sage 100 Contractor. |
|
From Billing Totals |
Updates the current costs using the Billing Amounts from the job costs. Use this in conjunction with Time and Materials Billing. |
Tip: When the lender requires a classification system that differs from your cost codes, manually enter the costs incurred since the last application in the Current text box for each cost code.