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JOB COST |
 Powerful management reporting, detailed
accounting capabilities, flexibility and control best
describe the MAS 90 Job Cost module. This module is
specifically developed for general contractors,
subcontractors, architects and engineers in construction
and project-oriented industries. In today’s
competitive market, with profit margins getting tighter,
the Job Cost module is an essential management tool for
keeping a close eye on job profitability.Job Cost gives
you the ability to track cost and revenue information
down to fine detail for every job (project). Powerful
sub-modules including Project Estimating, Billing and
Time and Materials Invoicing are built in to streamline
the entire process. Know where your bid proposals and
projects stand with up-to-the-minute status
reports.Project estimating allows you to calculate
estimated costs in preparation for a proposal. Maintain a
masterfile of standard material and labor costs used to
base estimates upon. After a proposal is accepted, you
can easily transfer estimate information to establish
budgets for the new job. Once in progress, analyze actual
to budget costs, allowing adjustments to maintain
profitability throughout the job. Whether you invoice on
a completed contract or a percentage of completion, Job
Cost will handle all billing requirements.MAS 90 Job
Cost’s integration with Accounts Receivable,
Accounts Payable, Payroll, Inventory Management, Purchase
Order Processing and General Ledger ensures your ability
to share common information required in an efficient Job
Cost system. Controlling costs is key to success.
Don’t start a job without MAS 90 Job Cost! |
Reports
- Job Field Report Register
- Job Posting Register
- Daily Overhead Allocation Register
- Daily Transaction Register
- Job Billing Selection Register
- Job Invoice
- Job Billing Register
- Job Estimate
- Job Estimate Materials Report
- Job Estimate by Cost Code Report
- Job Masterfile Listing
- Job Schedule Report
- Job Analysis Report
- Work In Process Report
- Job Cost Code Detail Report
- Subcontractor Analysis Report
- Job Billing History Report
- Job Billing Recap Report
- Job Profitability Report
- Monthly Overhead Allocation Report
- Job Close-Out Report
- Job Transaction Detail Report
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Flexible Numbers
|
Up to seven characters
may be used to designate a job. Large jobs may be broken
into “sub-jobs.” |
Flexible Cost Codes
|
Phases, steps or other
categories may be designated using up to nine characters
in three segments. |
Flexible Cost Types
|
Each cost code may be
further detailed with up to 12 user-defined cost types,
such as labor, overhead, burden, materials, etc. |
Overhead and Burden Allocation
|
Overhead costs are
automatically allocated to the job based upon the
percentage of work in process. Overhead may be applied on
a daily or monthly basis. Burden allocation is the
indirect cost associated with labor expenses (i.e., union
contributions or employer’s tax) which are difficult
to allocate to a specific job. Burden is calculated as a
percentage of direct wages or on a cost-per-hour basis. |
Work-In-Process Accounting
|
Use when all expenses
related to jobs still in progress are posted to a
work-in-process asset account in General Ledger. When a
job is completed, the total unbilled cost for the job is
relieved from work-in-process and posted to cost-of-goods
sold. |
PercentageCompletion or Completed Contract
|
Either of these
accounting methods may be used for each job. Percentage
Completion will recognize the revenue and cost of sale at
the time a job is billed. With Completed Contract, the
revenue and cost of sales are not recognized until the
job has been completed. |
Estimates forProposals and Bids
|
Estimate information
may be entered for bids using information from the
Estimate Pricing Files. You may establish templates to
use for new estimates. When a contract has been accepted,
the estimate information may be transferred to the new
job to establish budgets. Estimates may be printed in
detail or summary form. |
Contract and Subcontract History
|
Contract information
is retained to show the original contract amounts and any
change orders. Change orders may also be tracked for each
subcontract established for a job. |
Job Transaction Detail Report
|
Transaction detail is
provided for all postings for each job. The detail
information may be retained for the life of the job or
summarized on a monthly basis. |
Time and MaterialsInvoices
|
Invoices may be
printed with cost detail information on standard or
user-defined custom invoice forms. Billing amounts may be
based upon the price per unit or markup over cost.
Invoices may be printed in batch form or individually.
Invoices for fixed contract jobs may also be printed. |
Accounts Receivable Integration
|
Invoices may be
entered, printed and updated to Accounts Receivable.
Retention may be tracked for each customer. |
Accounts PayableIntegration
|
Invoices may be
expensed directly to jobs. Retention may be tracked for
each vendor. |
PayrollIntegration
|
Wages may be expensed
directly to jobs. Labor expenses may be posted in detail
by employee or summarized by pay period. Burden may be
calculated and applied to labor costs. |
Inventory Management Integration
|
Direct costs
associated with materials allocated to a job may be
posted directly for any issue transactions entered
through Transaction Entry. |
Purchase OrderIntegration
|
Job cost information
may be entered for open purchase orders. Receipt of goods
and invoices allow for direct entry of job numbers and
cost codes. |
Job Posting Entry
|
Cost postings, billing
entries and cash receipts may be entered directly to jobs
for adjustments or “stand-alone” processing. |
Subcontractor Analysis Report
|
Contract and cost
detail is printed by vendor. A detailed transaction
history of cost postings (by invoice number) and payments
(by check number) may also be included. Lien amounts and
release dates may be traced for each subcontractor. |
