Job Costing Platinum overview summary
The AccountPro Project Management Job Costing Platinum software module may be used as a standalone Job Costing or Project Costing module and optionally interfaced with the Accounts Payable, Accounts Receivable, Invoicing, Inventory Control, Payroll, Purchase Order and Estimating modules.
The Project Management Job Costing module provides for orderly job cost accounting and detailed tracking of billings, material and labor costs as well as units and labor hours.
Contractors Project Management and Manufacturers will find the Job Costing module detailed tracking and reporting capabilities simple, yet powerful and flexible.
- The number of Jobs you may establish is unlimited as are the number of transactions you may place into each job.
- Distribution breakdown by division (job phase) and sub-division (job sub-phase) of transactions within any job is unlimited and are all user definable.
- In addition to costs expended for a Job, the Job Costing module also tracks, in detail, billings associated with each Job.
- Payroll details may be entered directly into the Project Management Job Costing module from time sheets if the AccountPro Payroll module is not installed, or updated automatically from the AccountPro Payroll module if installed. Job Costing tracks both dollar costs and hours from the U.S. Payroll or Canadian Payroll modules.
- For companies doing both U.S. and Canadian Payroll, both may be installed on one system and automatically update Job Costs without re-entry of Job Costs or Payroll data when the payroll transaction entries are posted.
- In addition to numerous reports, a totals pop-up window quickly displays a summary of contract amount, billings, costs, units including labor hours, accumulated to-date for a particular job, change or work order.
- Job Cost tracking may be shown in full or summary detail filtered by user selected criteria.
- If the optional AccountPro Estimating module is installed, an estimate may be imported into Job Costing.
- Serial numbers may be tracked by postings from the Job Costing or Inventory Control module.
- Year-end closing of the General Ledger does not affect job cost details in the Job Costing module.
Distribution to Job Phases
- Cost and units, including labor hours, may be distributed to as many Divisions (Job Phases) and Sub-Divisions (Job-Sub-Phases) as you wish to establish.
- Phases may be identified by up to 8 alphanumeric characters.
- The user may establish any number of divisions and sub-divisions, including job phase distribution codes for such items as: mobilization, overhead, supervision, engineering, drafting, layout, miscellaneous, manufacturing, sub-contracts, shop work, field work, installation, etc.
- Job Phase Distribution needs to be established only once for all Jobs. The user may add, change or delete job-phases and sub-phases anytime. Standard construction industry codes may be used.
- To track actual, committed and estimated (or budgeted) costs, the following transaction types may be used when entering data into the Job Costing module:
Committed Cost Reporting
- By tracking committed costs and units, for example, purchase orders, contracts and sub-contracts committed by job, the job costing module can provide reporting on the total amount of units and dollars that have been committed to a job versus the actual costs to-date versus estimated units and costs.
Categories
- Transactions (Job Cost Entries), in addition to transaction type, and breakdowns into job phase divisions and sub-divisions as established by the user, are also tracked by the following categories:
- Material
- Rental
- Sub-Contract
- Other
- Labor
- Labor Burden
Job Cost Billings
- Billing transactions (invoicing) for a project may be entered directly into the Job Costing module, or updated from the Accounts Receivable or Invoicing modules.
- To track contract billings and extras to the contract, billing transaction types may be one of the following:
- Base Contract
- Extras to the Contract
- Provision to specify a Change or Work Order number.
Job Costing Reports
- Several comprehensive job cost reports are available and indicate, amount billed to-date, costs, hours, units, each with the option to provide information in detailed or summary format.
- Report may be printed for just a portion of a job, or specified time periods.
- Variance reports provide management with a quick and effective analysis of Actual, Committed and Estimated (budget) costs, hours and units.
- Ability to filter report by 1099 vendors.
Audit Trail
- A comprehensive audit trail is maintained indicating full detail such as, for example, original suppliers invoice number, reference, units, job phase, sub-phase, payroll employee ID, hours, etc.
Job Cost History
- Full detail is kept for each Job for as long a period as the user wishes to keep a Job on file.
Optional Modules and Interfacing with:
Estimating module
Accounts Payable module
- Entry of payable invoices into the AccountPro Accounts Payable module will automatically update job costs.
Invoicing module
- Entry of invoices into the AccountPro Invoicing module will automatically update billings in the Job Costing module.
Purchase Order module
- Purchase order details from the Purchase Order module may be posted to the Job Costing module as committed costs.
Inventory Control module
- Inventory items from the Inventory Control module may be posted to the Job Costing module as actual costs.
Payroll module
- Payroll details in the Job Costing module are automatically updated from the AccountPro Payroll module if installed.
Import module
- Using the optional Import module, you can import customer and vendor lists from ASCII or CSV files.
Job Costing add-on module