Understand what each project number means.
Recorded cost combines receipt cost with the labor value saved against the project. Estimated profit compares the adjusted contract amount with that recorded cost, while net cash compares cash received with recorded cost.
Outstanding balance compares the adjusted contract amount with contract payments recorded in Ordvero. That keeps cost, profitability, and collection progress visible without treating them as the same number.
- Recorded cost
- Receipt cost plus saved labor cost.
- Estimated profit
- Adjusted contract amount minus recorded cost.
- Outstanding balance
- Adjusted contract amount minus recorded contract payments.
See which projects need attention.
A useful job-costing view should show more than a final total. Ordvero helps owners and managers spot missing budgets, growing budget pressure, over-budget work, negative estimated margin, and contract value that has not yet been collected.
- Budget pressure
- Compare current recorded cost with the plan before the job is finished.
- Margin visibility
- See estimated margin based on the records already entered.
- Collection context
- Keep recorded payments and remaining contract value beside job cost.
Connect field activity to office reporting.
Receipts captured from the field and hours logged against a project feed the same project financials used by the office. The result is one operating record that can be reviewed from the project, dashboard, or reports without re-entering the underlying cost.