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JC-N  Print WIP Percent Completion

Purpose of Program

Use this report to get a one line summary of the percent completion of a range of work orders.  Percent completion is often used for progress billings and it can be useful for analyzing project type work orders.

The report shows the percent completion through a previous period compared with the percent completion through the current period.  The change in completion for the period is expressed in dollars and as a percentage.

The percent completion formula is calculated on your choice of materials issued, all costs incurred, or hours.  Whichever you choose is compared with estimated materials, costs, or hours to arrive at the percent completion.

For example, if you had estimated total costs of $1,000 and had actually issued or received $650 in materials to date, the work order would be considered 65% complete, if you had selected material costs as the calculation criterion.

If you selected total costs as the calculation criterion and had accumulated costs of $750 against estimated total costs of $1,000, the work order would be considered 75% complete.

If you selected hours as the calculation criterion, and you had estimated the work order would take 100 hours of labor and you had reported 75 hours to date, then the work order would be considered 75% complete.

General Program Operation

To run the report, select the last month date through which the last percent of completion was calculated, then enter the current month date through which additional work was completed.  Limit your report by entering a range of work orders, work order status codes, item numbers, and customer codes, or select all by pressing <Enter> through these fields.

Finally, enter a P is you want the calculation based on material costs, C if you want it based on total costs, and H if you want it calculated on hours.