If you want to change the Revised Contract amount to be equal to the work billed/cash received to date you will need to enter a change order against the contract if there has been any work billed against the contract items.  If there has not been any billings/cash receipts or any change orders entered, you can Unapprove the contract items then change the Scheduled Value (contract amount)

Changing it to closed does not generate any entries.  I am not sure what you mean in your last statement.

We sell a homeowner a deck, they pay a deposit, we enter the information into SAGE.  A month goes bye and the homeowner has a reason to withdraw from the contract, and we refund the full amount of the deposit.  What do we do, now that we have balanced the accounts, in order to close the contract as a total contract value?

Hi m.rountree,

Any actions taken on the contract would depend on what you want the end result to be on your reports.

You can have your reports show the original contract amount for the deck, then an approved change with a negative amount and a revised value of 0 - You would do this by entering a change order for the contract.

You can have the reports show 0 for the original scheduled value by going into the contract and changing the amount to 0.

Or you can leave it so show that even though it was never billed or paid, it was issued for that amount.

It just depends on what your reporting needs are.

Thanks!