Job Cost : Method of Computation X where Actual Amount exceeds Budgeted Amount
Hello Team,
We are using Method of computation "X" in Job Cost where it says that, if Actual Amount + Open Commitment (say 100) exceeds Revised Budgeted Amount (say 80) then,
under Projected Final Amount would be lower of the two i.e. it will set Projected Final Amount as 80.
For such cases, where actual amount has exceeded budgeted amount case, do we have any report where we can review such cases so that we can review the report and rectify / revise the budget amount so that Projected Final Amount is proper.
Method of Computation X states as below;
1. The projected final value can be less than zero.