About statements

Note: If you have purchased the Service Receivables Add-on Module, invoices from Service Receivables are also included on the Client Contract Statement.

A statement summarizes the activity of invoices, payments, credit invoices, and retention for a job. Statements help keep clients informed of the financial activity for a job. It is a good idea to print the statements at the end of each month and send them to your clients.

When printing a statement, Sage 100 Contractor automatically generates a receivable invoice using the finance rate from the job record. The statement only includes the finance amount in the statement if the Calculate Finance Charges check box has been selected. Service receivable finance charge invoices, however, are based on the finance rate defined for client in 3-6 Receivable Clients.

You can create the finance charges by printing the statements, or you can click the Print preview and Drilldown (when available) button to review it before printing it. You can also print a single statement for a client with whom you have multiple job contracts. The Client Contract Statement lists the invoices by job and provides the total amount and remaining balance of each invoice.

Note: In some states, it is illegal to charge finance charges on top of finance charges. To exclude finance charges from a statement, in the 3-4 Report Printing window, clear the Calculate Finance Charges check box. You can create a separate finance charge statement manually in 3-2 Receivable Invoices/Credits.