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Job Costing provides management with up-to-the-minute status and control over ongoing projects or contracts.
Projects may be monitored and future commitments accurately predicted. Cash flow is controlled and adequate inventory holdings can be maintained.
The system is modular and can be used either as a stand alone system, or combined within a fully integrated accounting environment. Using Job Costing in conjunction with the Estimating system, actual costs incurred, may be compared with those estimated at the time of a contract being awarded.
Advantages of the system are;
- Managers have immediate control over all current contracts, allowing them to react timeously to unfavourable trends.
- The information held by the system enables worthwhile undertakings to be identified, based on past performance.
- The system is designed to be 'tailored' to the company's unique requirements.
The following profile shows the scope and flexibility of the Job Costing system;
- Multiple companies
An unlimited number of companies can be processed at any one time.
- Password protection
Access to the system is fully password protected, to ensure complete security over confidential information.
- Soft terminology
The user may define the descriptive details of any project, as well as the transaction type terminology to be used. This information can be uniquely assigned to each company and branch within a system.
- Cost control values
Actual or standard and committed costs are held for each transaction type.
- Cost category
Every cost posted to a job must be categorised, thus providing the information to produce detailed cost analysis across the board.
- Work centre control
Standard set-up and run costs, with multiple associated overhead costs, are stored for each work centre or process.
- Comparison to estimates
Actual costs or standard costs may be compared to the original estimates at any time in the project.
- Scrap analysis
Quantities and costs of scrap are stored, permitting analysis by operation and transaction detail.
- Calculation of 'cost to complete
Using the variances between actual and estimates, per job, it is possible to calculate the revised anticipated cost of finishing a project.
- Multiple sequence tenders
Tender documents and details can be printed in a variety of different sequences.
- Automatic cleardown
On completion of a contract, automatic cleardown facilities are provided.
- Interfaces
Optional Purchasing, Inventory, Invoicing and Payroll interfaces enable additional information to be transferred to and from these systems.
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