Job Costing provides estimated profit/loss data to those responsible for work on an order, including estimating, coordinator, dispatching, invoicing, revenue entry, etc. Job costing is a tool that provides a general idea of the profitability of an order through the Job Costing window.
The setup for job costing involves updating various records associated to expenses on a Local Services.
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The Job Costing screen computes labor expenses based on what is entered for the Average Hourly Wage set for a labor type or the Hourly Wage set for the labor type on a personnel record. If the application encounters amounts being set in both setup areas, then the application references the Hourly Wage on the Personnel Setup record for expense calculations. The application references the wage information for crew assigned to a service through Dispatch Center in Local Dispatch. Labor expenses in Job Costing are computed using the following formula: [ Hours ] x ( ( [ Cost/Benefit % ] x [ Wage ] ) + [ Wage ] )
Wage is either the Average Hourly Wage set the labor type or the Hourly Wage set on the personnel record Hours is the number of hours of assigned service for the labor type Cost/Benefit % is pulled from the branch record assigned to the service
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Also affecting the labor expenses is the Cost/Benefits Percentage optionally set for each branch. When set, the application adds the percentage set here to the wages associated to labor, i.e. an average rate of $10 per hour would have an additional $3 included based on a cost/benefit percentage of 30%. The Cost/Benefit Percentage is used to factor into cost calculations items such as insurance, benefits, and other cost related to employees. | |
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Equipment assigned to a service through the Dispatch Center in Local Dispatch is included in job costing expenses. The application references the Average Cost set for equipment assigned to a service. Equipment expenses in Job Costing are computed using the following formula: [ Hours ] x [ Average Cost ]
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Containers, Packing, and Unpacking items associated to an order or service factor into Job Costing through the Item Cost (each) setting on material items. Update the setup records to include appropriate costing. Material expenses in Job Costing are computed using the following formula: [ Quantity ] x [ Item Cost (each) ]
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Update user profiles to access the Job Costing screen. Assigning one branch to the “Job Costing” security modules grants access to all functionality for all branches. See Security Modules for additional information. |