What is the benefit of using Schedule of Values?

What is the benefit of using Schedule of Values?

Schedule of Values is a baseline of your Invoicing. It is what all your invoices will be created from. It will also contain all Change Orders and Work Orders as they are Approved and track how much has been Billed for each line item and how much is remaining per line item. All Invoices are created from your Schedule of Values (SOV) using the 3 Dot menu item. There is no need to go to the Invoice Module to create an Invoice when using the SOV. From the contract price, start date, end date and all the expenses that the project incurred could be found in the Schedule of Values. All the approved fixed price, approved budgets, Invoices, Payments, Bills, Work Orders, and Change Orders will be found here.

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    • How do you import an estimate to Schedule of Values?

      Estimates can be imported to SOV after you have created the Project you wish to link this Estimate to, to do so go to: Menu > Projects > Schedule of Values > Edit > Import From > Import from Estimate > Select Estimate from Dropdown > Add Items to ...

    • How to add an item on the Schedule of Values?

      Adding an item to SOV can be done in multiple ways. The best & quickest way is to Import. You can Import from an Estimate, Change Order or Work Order. You can also add an item Manually if the item is not in your database. To add items to SOV go to: ...

    • How do I generate an Invoice from the Schedule of Values?

      To generate an Invoice from the Schedule of Values (SOV) simply click the 3 Dot Menu item in upper right corner of screen and select Add Invoice.

    • How do I add items to my Schedule of Values manually?

      To add items to my Schedule of Values manually, go to the Menu and select Projects and pick the Project you wish to add items manually. Click on the green pencil icon on the top right to enter Edit Mode and select the Schedule of Values tab. From the ...

    • How do I create Invoices for my Work Orders from the Schedule of Values tab?

      Once a Work Order or any item has been moved into the Schedule of Values, it can be added to an invoice by going to the Invoice module and creating a new Invoice. While in Edit mode, click on Add Item > From Schedule of Values. You will then have the ...