Cost value reconciliation
The margin on every job, period by period.
The cost value reconciliation sets the value of the work done against the cost of doing it, for each project and each period. You see the margin earned to date and the margin the job is heading for, before the final payment claim rather than after it.
On the VariationFlow plan, with no charge per user.
What the reconciliation brings together
Value from your progress claims
Claimed and scheduled to date come from the project’s progress claims as at the period end, so nobody keys them in twice. The gap between them is worked out for you and offered as work in progress.
Costs by cost head
Costs by cost head, with your accruals and provisions, and internal transfers between companies in a group working on the same contract.
Import costs instead of typing them
Paste or upload a cost export from your accounting software, one line per transaction. The cost head you give each account code is remembered next time, and your accruals stay as they are.
The tender as the budget
The tender’s schedule of rates or bill of quantities is imported and its sections mapped to cost heads on the project page, so every cost head has its budget.
Margin and forecast
Each reconciliation shows the period’s margin and, once you enter a forecast final cost, the margin the job is heading for. The forecast is your own figure, not a calculated one.
Every job at a glance
The portfolio view shows every project, weakest margin first, with total value, cost and margin. Each reconciliation is kept as a draft, finalised and printed under your company name.
The cost value reconciliation is on the VariationFlow plan and the VariationFlow + QA Flow plan, not on Free or Builder.
See the margin while it can still be saved.
One reconciliation per period, from figures already in the system. Try it free on your first job, or compare the plans.