This report shows contract cost and revenue by billing item on contracts. This is particularly useful for the Unit Price Jobs. This report details total revenue and costs by billing item; this information is generated from the A/R Contracts screen (which stores revenue to date by billing item) for revenue and projected revenue, and from the Job Phases for costs (each phase and Cost type has a field for referencing the billing item).

The report may be printed either with or without projected costs. The report provides information on the status of billings vs. costs by contract item. This enables the user to identify possible billing problems before they affect cash flow. The project revenue (which is entered for each billing item) is also a great management tool for estimating the revenue from change orders that are approved, or even proposed.

The Billing Item Analysis Report compares revenue and cost by billing item. The revenue and costs reflected in this report are normally those that have been posted to job cost / AR. It also allows analysis to be done on costs that have not yet reached job cost, but have been entered. For example, this report allows the user to "include pre-time cards". This process allows for selecting specific (or all) Payroll Pre-Time Card Entry batches to be included as costs for a job—before the pay cycle has been posted to job cost. This is a useful tool for up to the minute analysis. The same selection by batch feature as in the job cost history report is available.

In addition, this report may be printed to include Draw Request Pre-Billing Quantity Entry (Billing quantities and the corresponding billing extensions) that have not been posted.

Most information contained in this report is also available on screen using the Billing Item Analysis Inquiry.

The report compares that information with the actual cost of a Change order. Printing change orders on the report with the base bid items gives the user the ability to identify the costs of proposed, approved and executed change orders. This could be useful in renegotiating the billing amounts for extra work, which may not have been readily identified before.