Project and Job Costing
PROJECT & JOB COSTING
You can identify potential issues and determine success factors for any project. It streamlines customer invoicing and reduces the time spent managing this process.
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Select the accounting method (revenue recognition method) for each project within the contract.
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Choose from total cost percentage complete, category cost percentage complete labor hour percentage complete, billings and costs, project percentage complete, completed project, accrual basis.
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Close a project to billings and/or costs at any time.
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Drill down to the originating transactions.
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Assign staff, material, subcontractors, equipment, miscellaneous items, and overhead to each project within the contract with the powerful job cost accounting software.
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Set up complex estimates by specifying the quantity (e.g. hours) unit cost, and billing rate (for the time-and-materials project) for each staff member, material (inventory item), subcontractor, equipment, miscellaneous item and overhead expenses allocated to the project. Assign cost categories and automatically calculate cost and revenue estimates per cost category, or simply define the cost and revenue estimates for each project category.