Let Abio know what portion of the work you’ve completed, and Abio will use that information to forecast your costs for that job.
Each cost centre records how much you are planning to spend to complete that work. It also records all the expenses to date. To indicate your progress, you will assign a unit for each cost centre and record how many units are completed. Units can be things like linear feet, man hours, percentage, or per unit.
Example 1: You’re building a condominium, and you have a cost centre for drywalling. The units on the drywall cost centre can indicate you’re measuring each unit in the condominium. If so, you’ll record the unit as ‘PER’. If there are 48 units in the condominium, the budgeted quantity will be 48. If you’ve finished the drywalling in 30 of the 48 units, your quantity will be 30. Abio will then take into account the amount of money you’ve spent to complete the 30 units and forecast how much you will spend to finish drywalling all 48 units.
Before you start measuring and recording your progress, you’ll want to take a snapshot of your job costs to date. In this way your measurements will exactly relate to your expenses. If you don’t take a snapshot and invoices and payroll continue to increment the centre costs, your forecast will think you’ve spent more to get where you are than you actually have.
There are three ways to record progress quantities in Abio.
The simplest way to update