CVR Report

Open this screen in Saral/projects/reports/cvr

Cost Value Reconciliation for one project, straight from the ledger: value and cost to date by month and QS code, the reconciliation statement, the QS's inputs (contract sum, approved variations, forecast final cost, provisions), the headline on both the agreed and the forecast basis, cost heads with budget, monthly movement, and the month-end lock that fixes the position and starts the movement trail.

You enter

The CVR inputs: forecast final cost (or accept the build-up), provisions and risk, and — where you keep a figure that departs from the contract record or the variation account — the figure and the reason.
The month to view as of, the grouping (QS code, sub head, part) and the view (ledger, RICS, by resource).
The month-end lock, and the pack sign-off once the month is locked.

Saral fills in

Value and cost to date from the group-consolidated journal lines — posted Xero only, no draft bills — sliced to the as-of month; open commitments from purchase orders; cash position from the invoices.
Contract sum and approved variations pre-filled from Contract & Budget and the variation account; the forecast build-up (cost to date + cost to complete per package or head + provisions) offered beside your forecast.
The headline on both bases — agreed AFV and the forecast build-up — with the difference; the margin to date and forecast final margin; percentage complete by cost.
The RICS memo columns, cost by resource type, the labour re-spread memo, late postings dated in a locked month, and the margin movement and forecast drift between locks.
A suggested code for each supplier still on the Unallocated head, from the rules.

It produces

The CVR pack (PDF, Excel with formulas), previewed, signed off and filed as the month's record.
The final account statement at the completed stage (PDF, Excel, filed under the project).
The locked snapshot the Overview, Portfolio and Benchmarks measure movement against.

What this page is for

The month-end reconciliation of cost against value for one job, from the books rather than a spreadsheet of exports. Everything the ledger knows is read; the QS adds judgement — the forecast, the provisions, a kept figure with its reason — and locks the month so the next one can be measured against it.

What the ledger supplies and what you supply

Cost is the posted Xero ledger only; a draft or pipeline bill shows on the Payment schedule, not here. Value is the sales lines. Commitments are open purchase orders. The contract sum and approved variations are owned by Contract & Budget and the variation account and arrive pre-filled; if you keep a different figure you give a reason and your figure drives the CVR with the owner's beside it. The forecast final cost is yours; the build-up is Saral's offer.

Locking the month

A lock records the full position — ledger, commitments, variations, cash, inputs — as of the moment it is taken, on the cost basis in force. The autopilot takes one after the cut-off; a person may lock over it until the pack is signed. Movement on the Overview, Portfolio and Benchmarks is measured lock to lock. Late postings dated in a locked month are flagged with their materiality so a reopened month is a decision, not a surprise.

Views and bases

Ledger is the working view; RICS adds the memo columns in RICS cost categories; By resource shows every cost line's derived resource type. The cost basis in force (group, entity, audit, or a custom rule) and where it came from is stated on the bar; choosing another is an Accounts analysis tool. Every other seat reads the Group figure the server enforces.

Final account

Once the project is at the completed stage the Final account menu produces the statement to the chosen month — preview, PDF, Excel, and filed under the project. The subcontract final accounts are agreed on Subcontracts; this is the main-contract statement.

Where next

Read the forecast cash from this position on Cash-flow forecast; compare the job to the group on Benchmarks; the Portfolio rolls every locked CVR up for the board.

Not what you needed? Inside Saral, ask Kuku (Alt+K) — if it cannot answer, “Ask a human” sends the question to Saral support with the chat attached.