cost entry

Entering and activating Job Transactions can be done from the menu or from the Transactions tab of the Job Cost form.  Either method loads the same form. Transactions for multiple jobs can be entered on the one form so long as the dates fall within the same General Ledger period. This form is used to record transactions for:

• Inventory items - both physical and non-physical. Unit Cost field is disabled and is the Last Cost from the inventory record. When the form is activated the actual cost of stock allocated to the job is updated and posted. Charge amount is calculated according to the Mark Up in Settings tab for the job and can be changed
• Labour - to record hours worked by users setup in Labour records. Unit Cost is from the Labour records and Charge amount is calculated according to the Mark Up in Settings tab for the job. Both can be changed
• Resource - time allocated where records have been created as Resource. Unit Cost is from the Resource records and Charge amount is calculated according to the Mark Up in Settings tab for the job. Both can be overwritten
• Journal - to a General Ledger account code as cost recovery. Cost and Charge amounts are to be entered

Steps

1.	Job Costing Transactions Cost Entry OR load the Job, click Transactions tab, select Materials - Inventory, Labour, Journal or Resources and click Create Transactions
2.	Click New
3.	Job Code - select from the search window or type the code in full e.g. 001-100-020
4.	Line Type - select from the drop down list
5.	Item - select from the search window that loads according to the Type selected
6.	Tran Date - prompts to current login date. Change so long as all dates are in the same ledger period
7.	Unit Cost - change as required
8.	Unit Charge - change as required
9.	Repeat steps 3 to 8
10.	Save and activate when complete

Where there is insufficient stock for an inventory item then it will be placed on back order.

Copyright © 2012 Jiwa Financials. All rights reserved.

Open topic with navigation