Understanding the Cost Status Report format

The contents of a cost status report are as follows:

• Submitted To/By information. Generated using the customer's contact information and the information entered in the My Company Info section of the Options Tool.
• Project Description. Displays the project's title and description, as defined in the Project Manager. This is accompanied by the project's base cost.
• Accepted Alternates. Displays the descriptions of the accepted alternates along with their respective costs.
• Project Total Cost. A revised project total cost incorporating the costs off all the accepted alternates.
• Paid To Date Amount. This is generated from the payment history data inputted into the Cost Status screen.
• Amount Due. The difference between of the Project Total Cost and the Paid To Date Amount.
• Undecided Alternates. Displays the descriptions of the alternates that have not yet been decided upon, along with their respective costs.
• Payment History. Displays a list of the payments the client has made, including a note and date of receipt. This information is used from payment history data inputted into the Cost Status screen.