Financial summaries
Financial summaries display the status for both contracts and invoices.
To view an AFP's financial summary, select the Financial Summary tab.
The fields are read-only.
| Section | Field | Description |
|---|---|---|
| Contract Status | Contract Value | Original value of the contract. The sum of the schedule of values (SOV) in the contract. |
| Changes to this Invoice | Sum of change orders for the contract, up to and including the cost period of this AFP. | |
| Contract Value this Period | Revised value of the contract for the cost period in the AFP. Calculated by adding Contract Value to Changes to this Invoice. | |
| Current Contract Value | Revised contract value with all change orders, including those not yet added in the AFPs. Calculated by adding all change order amounts to Contract Value. | |
| Invoicing Status | Total Completed and Stored | Total value of the completed work, installed material, and stored material up to and including this AFP. |
| Total Retainage | Total amount of retainage up to and including this AFP. | |
| Total Earned Less Retainage | Value of the completed work, installed material, and stored material in all AFPs up to and including this AFP, minus retainage. | |
| Previous Invoices | Total billed in previous AFPs for this contract. | |
| Current Due | Amount of payment due for the current invoice. The sum of the Net Current Due column in the AFP. | |
| Balance to Invoice | Remaining value, including retainage, of the contract payable to the subcontractor. Calculated by subtracting Total Earned Less Retainage from Contract Value This Period. |
