One of the key requirements for an engineer-to-order manufacturer is the ability to view actual job costs at all times throughout the life of the project. These actuals are used to compare to the estimated (as bid/quoted) costs and the planned costs (as planned in the job structure). The Encompix system is built on this very foundation and provides the ability to view the expected and actual job costs at any time, thereby calculating expecting profit.
By defining the job structure as potentially multiple, related jobs with routing operations and planned materials, it is possible to view the individual job costs or the complete parent structure with a job cost roll-up to the parent. As actual materials are issued and labor collected, the job costs are immediately available.
For purchased materials, if job BOM items are purchased directly to the job they will be costed to WIP upon receipt. If the actual material cost is different than the planned cost on the job/PO, the voucher will appropriately update the job cost to reflect this difference. Encompix is an actual cost system and does not require the use of standard cost/variance reporting.
Features
Actual costs reported to Job and visible at any time
Job costs available as individual or rolled up to project parent
Contribution Margin summary of job costs optionally available
Contribution Margin summarizes actual job costs to user-defined categories
Actual vs. Planned vs. Estimated available
Labor reports summarized or viewable by Employee/Operation
Material Costs are tracked against the job as Unissued BOM, Uncosted Purchases and Costed (Received and Vouchered or Issued from Inventory)
Overhead Costs (% or Amount) optionally calculated based on actual labor costs
Estimated cost to complete is available at any time though the life of the project
