Skip to main content

Contract Minus Costs

Skip to main content
How can we help you today?

Our Knowledge Base contains the answers to more than 500 previously asked questions.

Create a Ticket Schedule a Training

< All Topics

Contract Minus Costs

Overview
The Contract Minus Costs value shows how much budget remains for a project after subtracting all incurred costs. It helps determine the project’s profitability and financial health in real time.

Formula
Contract Minus Costs = Contract Amount – Actual Costs

Breakdown

  • Contract Amount: This total comes from the project’s Estimate, plus any Work Orders, Change Orders, and Service Tickets.

  • Actual Costs: These include all expenses recorded through Time Cards, Expenses, Bills, and Equipment Timecards.

Example
If a project’s total contract value (including approved changes) is $250,000 and the total cost incurred to date is $190,000, then:

Contract Minus Costs = 250,000 – 190,000 = $60,000 remaining

Where to Find It
You can view Contract Minus Costs in the Job Cost Detailed Report, located under:
Projects → Reports → Job Cost Detailed Report

This report summarizes contract values, costs, and remaining balances for each project.

Was this article helpful?
0 out of 5 stars
5 Stars 0%
4 Stars 0%
3 Stars 0%
2 Stars 0%
1 Stars 0%
5
How can we improve this article?
Please submit the reason for your vote so that we can improve the article.