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
Completed Contract Method of Financial Reporting.

ONLY JOBS THAT ARE CLOSED in the Total Job Status Record will appear on this Report.

Prior to completion COSTS are posted to ASSET Accounts and BILLINGS are posted to
LIABILITY Accounts.

When the Job is CLOSED, the COSTS are CREDITED to the Asset Accounts and DEBITED
to DIRECT CONTRACT EXPENSES. The BILLINGS are DEBITED to the LIABILITY Accounts
and CREDITED to the JOB REVENUE Accounts.

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

(1) - Sales Job to Date                - Previous Years Billings from Total Job Status Record plus
                                                            BILLINGS YEAR TO DATE from Journal Entries & A/R Detail..
 
(2) - Costs Job to Date                - Previous Years COSTS from Total Job Status Record plus
                                                           COSTS YEAR TO DATE from Journal Entries & Job Cost Detail.

(3) - Gross Profit Year                - SALES less COSTS above. (There is NO GROSS PROFIT in
            to Date                                   Previous Years since NO PROFIT is recognized until Job is
                                                            CLOSED).

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