Jan 30, 2013 #1 pzesco Mechanical May 27, 2011 4 0 0 IT In the 'Actual Cost' I have to consider the value of the sub-orders issued, or the value of the sub-orders already invoiced only? Thanks
In the 'Actual Cost' I have to consider the value of the sub-orders issued, or the value of the sub-orders already invoiced only? Thanks
Jan 30, 2013 #2 IRstuff Aerospace Jun 3, 2002 44,355 4 38 US That should be according to your own accounting rules. TTFN faq731-376 Upvote 0 Downvote
Jan 30, 2013 #3 IRstuff Aerospace Jun 3, 2002 44,355 4 38 US Most companies that I've worked for consider orders placed as actual liabilities, since the cost must be realized unless the order is cancelled. TTFN faq731-376 Upvote 0 Downvote
Most companies that I've worked for consider orders placed as actual liabilities, since the cost must be realized unless the order is cancelled. TTFN faq731-376
Jan 30, 2013 #4 DRWeig Electrical Apr 8, 2002 3,004 0 0 US Sometimes your contract specifies what you can call actual cost or work-in-progress value. Best to you, Goober Dave Haven't see the forum policies? Do so now: Forum Policies Upvote 0 Downvote
Sometimes your contract specifies what you can call actual cost or work-in-progress value. Best to you, Goober Dave Haven't see the forum policies? Do so now: Forum Policies