Feature Settings - Analytics

The parameters below will appear as the default settings on the Project Analytics page but can be changed when viewing financial dashboards.

Include Taxes

Default/Recommended Setting: Unchecked

Tax codes can be referenced on all Contract Admin and Procurement transactions. As a result, each line item and the overall transaction has a subtotal, tax and total value. If 'Include Taxes' is checked then budgets will be compared with total values else subtotal is used.

Use Gross Values for Prime Invoices

Default/Recommended Setting: Checked

When reviewing Project Revenue dashboards, Corecon can use either the gross or gross less retainage amount. Please see example below.

Prime Contract Invoice Subtotal = $200,000
Prime Contract Invoice Retainage (10%) = $200,000 x 0.10 = $20,000
Prime Contract Invoice Subtotal Less Retainage = $200,000 - $20,000 = $180,000

If 'Use Gross Values for Prime Invoices' is checked, Corecon will use the $200,000 value instead of $180,000.

Use Gross Values for Sub Invoices

Default/Recommended Setting: Checked

Same logic as above but for Sub Invoices which appears on Project Cost dashboards.

Use Bill rates for Timecards

Default/Recommended Setting: Unchecked

This setting is applicable to contractors that have primarily cost plus contracts and provide periodically their clients financial reports such as the 'estimated vs cost' or 'billings vs cost to date' dashboard. In this scenario, contractors will often want to use the bill rate (checked) instead of the total cost rate (unchecked) for the labor timecard expenses.