This Report is an ADDENDUM to your INCOME STATEMENT that breaks out SALES,
COSTS and PROFITS by individual Jobs. This Report is for Contractors who use the
Cash Basis Method of Financial Reporting.

GROSS PROFIT THIS YEAR equals BILLINGS THIS YEAR less COSTS THIS YEAR.

Since this method uses STRICTLY CASH THIS YEAR, the PROFIT PERCENTAGE does
NOT reflect performance on the Job as a whole.

In many cases, because of Retainage, Jobs are front loaded with Billings. If extra profits
were recognized in a PREVIOUS YEAR, then reduced profits, or a LOSS may appear
as a Job nears completion.

--------------------------------------------------------------------------------------------------------------------------------------

After the Job Code and Job Description are printed, the below listed Amounts are printed
across the page:

(1) - Sales Year to Date                - BILLINGS YEAR TO DATE from Journal Entries & A/R Detail..
 
(2) - Costs Year to Date                - COSTS YEAR TO DATE from Journal Entries & Job Cost Detail.

(3) - Gross Profit Year                - SALES less COSTS above. (There may have been Profits on
            to Date                                   this Job on the Previous Year's Financial Statements)

(4) - Percent of Sales                - GROSS PROFIT YEAR TO DATE as a PERCENTAGE OF SALES
                                                            YEAR TO DATE.