The Job Cost (JC) package includes the following capabilities:
Uses the percentage-of-completion
accounting method. Completed cost available as an option.
Flexible cost
structure: Job Number (4 characters alphanumeric) Activity/Phase/Pay Item
(6 characters alphanumeric) Cost Type (98 available per job; labor, material,
etc.
Job phases
can be set up using a "standard phase library". A complete computer file of
VDOT pay items are included with the software to be optionally used as the
phase library.
Automatically
generates and prorates burden costs Ability to update in multiple months and
two different accounting years at the same time Job Cost is updated by all
applicable information systems: Accounts Payable, Inventory, Accounts Receivable,
Payroll, Equipment, etc. A
single transaction flows to all systems.
Monitors past
and current job costs and acts as a forecasting tool for expected job costs.
Heavy emphasis
on UNIT COST analysis: Estimated, current month, year-to-date, job-to-date
budget-to-date and variance are all reported both on screen and in reports
on both a total cost and unit cost basis.
Handles original
and revised budgeted quantities Ability to input quantities completed using
either to-date or current period quantities.
Revenue is
recognized automatically by entering quantities completed.
Subcontractor
Control module available as part of job cost when integrated with the AP module.
DRILL DOWN
approach to reviewing JOB COST data: On-screen: Drill Down Inquiry:
Level
1 - Cost type totals (labor, material, etc) shown for job selected or
all jobs
Level 2
- Cost type totals for each phase of the job
Level 3
- Transaction detail for each cost type within a job phase.
Level 4
- Sub-transaction detail available for those cost types where it is applicable.
Example:
On payroll, transaction detail: PAYROLL TOTAL FOR WEEK OF 10-07-93 Sub-transaction
detail: list of all employees with hours and dollars for that job during
that pay period. Reports: Various reports present the job cost data at
the level of detail required by the user. When selecting any of the job
cost reports, the system will ask the operator to specify the reporting
parameters. The following pop-up window will appear on all job cost reports.
In addition some reports might request additional parameters unique to
that report.
