Add Line Items to a Schedule of Values on a Funding
Limited Release
The Funding tool is available as a limited release for Procore customers in the United States who have implemented the Procore for Owners point-of-view dictionary. To learn more, see What tool names and terms are different in Procore for general contractors, owners, and specialty contractors?Objective
To add line items to a Schedule of Values (SOV) on a funding.
Background
An SOV is an itemized list of work items on a project. Each line item shows the work item's cost.
Things to Consider
- Required User Permissions:
- 'Admin' level permissions on the project's Funding tool.
Tip
Want to limit collaborators from viewing your funding data? If so, configure the granular permissions feature when applying permission templates. See Manage Project Permissions Templates and Grant Granular Permissions in a Permission Template.
- 'Admin' level permissions on the project's Funding tool.
- Additional Information:
- Other methods for adding SOV line items include:
Prerequisites
- Create Fundings
- Set the accounting method on the funding. See Edit the Advanced Settings on a Funding.
Steps
- Navigate to the project's Funding tool.
- Locate the funding to update and click its Number link.
- Click the Schedule of Values tab.
- Click Add Line.
- Complete the data entry as follows:
- Budget Code
Select a budget code or click Create Budget Code to create a new one. See What is a budget code in Procore's WBS? - Description
Enter a description for the line item. For example, type: Monthly Service Fee - Qty
Enter the number of units. - UOM
Select the Unit of Measure (UOM) from the list. See Which units of measure are included on Procore's master list? and Add a Unit of Measure to the Unit of Measure Master List. - Unit Cost
Enter the cost per unit in this box. You'll notice that the value in this column contains four (4) decimal points (for example, $0.0000) to allow you to enter the specific value required to calculate accurate pricing.Example
If you are buying 50,000 units for $1,006,625.00, you would enter a unit price of $20.1325. - Amount
The system automatically calculates the subtotal for you, based on the Qty, UOM, and Unit Cost entries.
- Budget Code
- Repeat the above steps for all line items.
- Choose one of these options:
- Click Save
OR - Click Save & Email.
- Click Save