15.4 Job Costing Features

Some of the features of the Job Costing System include:

fjpman20000000.gif The Job Costing System tracks all costs related to jobs done by the company.

fjpman20000000.gif Each job in the Job Costing System is given a unique number that identifies the job.

fjpman20000000.gif Each job can be subdivided into any number of activities used to track costs of individual tasks within a job. Each of these activities refer to a general ledger account number where the costs are to be accumulated.

fjpman20000000.gif Each activity contains costs to date for that activity along with budget estimates.

fjpman20000000.gif Job cost reports can be used to compare the actual expenditures against the budgeted amounts to watch the progress of a job.

fjpman20000000.gif All of the Accounting System modules can charge costs to an activity of a job.

fjpman20000000.gif Payroll costs can be charged against an activity through the Payroll System.

fjpman20000000.gif Direct purchases are charged against an activity.

fjpman20000000.gif It is also possible to charge the cost of inventory items used against an activity.

fjpman20000000.gif The Job Costing System transfers the costs of a job to a work in process account while the job is in progress, and transfers those costs to the proper expense accounts when the job is completed.

fjpman20000000.gif A job may be created using existing jobs as a model. For example, a job may be create using the actual costs of an existing job as the budget estimates for the new job.

fjpman20000000.gif Many types of job cost reports are available which give various levels of detail. The reports range from giving one total per existing job to detailing every single transaction that has been made against each job.

The Job Costing System features can be accessed from the Select, Reports and Maintenance sections off the main accounting system menu. The following list outlines the Job Costing System features and how they can be chosen from the main menu:

Select

Job Costing

Jobs and Activities

Job Masters ..........(Print)

Create Duplicate Job + .......(Process)

Post Jobs / Work in Process

Reports

Job Costing

Post Jobs / Work in Process

Job Masters

Job Cost Work in Process Journal

Job Cost Report

Job Cost with Detail

Maintenance

Delete Old

Closed Jobs

Job Cost Journal Entries

The Job Cost System is used for entering and updating the job and activity master records. This manual documents the following procedures:

fjpman20000000.gif The data entry of records in the job master file.

fjpman20000000.gif The data entry of records in the job activity master file.

fjpman20000000.gif The process of creating duplicate jobs from an existing job.

fjpman20000000.gif The process of posting a job to and from the work in process account.

fjpman20000000.gif The process of deleting old closed jobs from the system.

fjpman20000000.gif The process of deleting old job cost journal entries.

fjpman20000000.gif The printing of job cost reports listed on the Reports, Job Costing.