Job Costing
Job Costing
The EAS Job Cost application gives the contractor complete control over job management. Its seamless integration with Accounts Payable, Payroll, Accounts Receivable, Inventory, and Purchase Orders as well as other EAS applications, ensures complete and accurate reporting and analysis. Job Cost monitors the estimated, committed, and actual costs of each job, plus it allows you to forecast job profitability on an ongoing basis.
System Features
- Keep job history by job for as long as you deem necessary.
- Develop a customized job cost code structure.
- Create standard jobs with quick copy for easy job setup.
- Build cost codes “on the fly” and ensure accuracy as cost codes are validated during all application entries.
- Produce multi-level job breakdowns (by division, category, and cost code).
- Benefit from the complete integration with all other EAS applications.
- Access the integrated equipment file for equipment cost analysis and depreciation.
- Review on-line inquiries of actual, estimated, change orders, and committed costs by cost code by type (E, L, M, S, …).
- Sort reports by job, project manager, contract amount, phase.
- Determine profitability by cost code.
- Track active, complete, and jobs not yet started.
Control project costs for better management and analysis.
- Track estimated hours, dollars, and units against actual amounts.
- Review jobs in summary, cost code detail, or complete line-by-line transaction analysis.
- Create automatic cost projections based on field input of units, percent, or cost to complete.
- Track requested, pending, and approved change orders.
- Manage equipment and small tools as the equipment locator tracks current job location and expected return date.
Key Reports
- Assure accurate tie out between job cost and general ledger with reporting by job and general ledger period.
- Generate pertinent bonding reports.
- Post job cost adjustments to general ledger.
- Process overhead recovery to job cost by percent of labor, hourly amount, or actual amount and link it to the originating cost code or summary code.
- Work in multiple accounting periods simultaneously.
- Automatically post overhead recovery cost to the general ledger.