Every company at one point or another will need to keep track of projects,
undertakings, assignments or as we call them, Jobs. To keep track of these
special functions and to be better equipped to manage the project at hand, we
have Job Costing. Job Costing provides the ability to build an estimated cost
from a build up method. As the Job takes its course with IOA you can allocate
costs to the Job by allocating Purchase Orders Directly, Purchasing from
Inventory, Importing from Work Orders, and Allocating Resources of Salaried
Employees and/or Sub-contractors. While entering directly from time sheets, not
only will the costs be allocated to the Job but they will also be carried over
to the Payroll Module to avoid double entry. The Job Standing Report provides a
clear analysis of the profitability of your project to outline the Revenue
Generated while considering the Expenses incurred and the Materials and
Resources used. All generating a profitability report compared to estimated
costs. A contractors dream, and a manufacturers guide to monitoring and
controlling your costs. Using Job Costing can help you to be a better project
manager.
