Automatically working out profit from charged amount

jpfarrellpropertymaintence

Hi, Is there a function on Reckon One that automatically separates the costs spent on a job and the money charged to the customer to find the actual profit.

Kim Chapman - COS Business Solutions

Hi, The Module you are looking for is called 'projects'. Turn it in to see what it can do. If you don't like it, you can turn it off again. For future reference you might like to post your questions under the Reckon One Tab. Reckon Accounts is a different product. Kind Regards Kim Chapman www.chapmanofficeservices.com

jpfarrellpropertymaintence

Hi Kim,   Ive upgraded to Medium for projects but still can't work out how it can separate costs of a job and expenses to get our taxable profit.   Ive played around with it and see where the section of ESTIMATED PROJECT POSITION -  INCOME - EXPENSES = PROFIT but can't work out how to get figures in this section.   

Kim Chapman - COS Business Solutions

It is going to be something much easier to do going forward than going back. If the invoices/bills have been paid you will have to Unlink them in order to add the project, then link them to the payment again once you are finished. Once you have created the 'Job' you then have to add the "job" to each invoice/bill etc for that job. Note that on a Cash Basis the Position shown will show as "Cash" on Accrual Setting they will show as Accrual. Kind Regards Kim Chapman www.chapmanofficeservices.com

jpfarrellpropertymaintence

Oh ok thanks.   I will play around again with dummy invoices and see if it works.   Sorry to be a nuisance but this is all new to me.   I am trying to learn as quick as possible but have limited time during the week.   Thanks Kim.

Kind regards

Dianne Farrell