## How do I create a formula in Sage 300 Construction and Real Estate?

Resolution

- In any application, go to Tools, Formulas.
- Click New.
- Select the appropriate components for the desired formula. Enter function names, operators, and constants using the keyboard.
- Click OK.
- In the Formula Name box, type the formula ID.
- Click OK and then click Close.

### What is Sage 300 people used for?

A HR solution that supports your existing and future HR & Payroll processes. Eliminate repetitive, manual processes and give valuable time back to your HR and People teams so they spend less time on admin and more time focused on strategic activities.

#### What is the difference between Sage 300 and Accpac?

Sage 300 is the name for the mid-market Sage ERP line of enterprise management and accounting applications (formerly Sage ACCPAC), primarily serving small and medium-sized businesses. Since 2004, Sage 300 is developed by Sage. In 2012, Sage renamed ACCPAC to Sage 300.

**What are the formulas for construction?**

Formula

- Inclined Length (C) =√ (B2 + H2).
- Perimeter = B + H + C.
- Area of triangle cross-section (A) = 1/2 x B x H.
- Area of Triangle = Perimeter x Length of Triangle.
- Volume of Triangle (V) = Area of Triangle x Length of Triangle.

**How do you calculate construction WIP?**

The WIP is calculated by multiplying the percent completed costs by the contract amount. After that number is calculated, it is then compared to the amount the contractor has billed thus far. For example, a contractor has a job worth $250,000 with an estimated budget of $200,000. The cost incurred to date is $40,000.

## What is the latest version of Sage 300?

Sage 300 2022 is now available featuring new features and enhancements to existing functionality that span the general ledger and financial management, purchasing, sales orders, project and job costing, and of course another set of new web screens.

### What math is used in construction estimating?

Geometry, algebra, and trigonometry all play a crucial role in architectural design. Architects apply these math forms to plan their blueprints or initial sketch designs. They also calculate the probability of issues the construction team could run into as they bring the design vision to life in three dimensions.

#### What is WIP for construction?

What is a Work-In-Progress (WIP) Construction Report? At a basic level, WIP reports show the status of a construction project: whether it is on budget, over-billed, or under-billed, as compared to the project timeline.

**Is WIP considered revenue?**

From an architecture and engineering accounting perspective, WIP is accrued as the work is performed, or when the expenses are incurred. It is recognized as an asset on the balance sheet and as revenue (unbilled) on the income statement.

**What percentage of a construction job is labor?**

between 20% and 40%

Construction labor costs: Fast facts According to the industry-standard Construction Labor Market Analyzer (CLMA), labor cost percentages in construction lie between 20% and 40% of the total project’s budget. Costs that fall under the labor umbrella include not just wages but also things like: payroll taxes.