Project Management
Sage Accpac ERP Project and Job Costing Module
The Project and Job Costing module provides an effective solution for project managers in construction and other professional industries who require a time-and-material system. It makes the estimating, tracking, costing, and billing of projects easy and manageable—simplifying cost control and planning. Automated billing streamlines customer invoicing, reducing the time spent managing this process.
The key capabilities of Project and Job Costing
- Assign staff, material, subcontractors, equipment, miscellaneous items, and overhead to each project within the contract.
- Set up complex estimates by specifying the quantity (e.g., hours), unit cost, and billing rate (for time-and-materials projects) for each staff member, material (inventory item), subcontractor, equipment, miscellaneous item, and overhead expense allocated to the project.
- Assign cost categories and automatically calculate cost and revenue estimates per cost category, or simply define the cost and revenue estimates for each project category.
- Manage contracts or jobs to three levels—contract (job), project (phase), and category. Then maintain multiple projects within each contract and track multiple categories within each project.
- Change contract, project, and category names to match industry-specific terminology.
- Use as many as five segments in your contract numbers to represent types of contracts and divisions.
- Choose from three different project types—time and materials, cost plus, and fixed price.
- Select the accounting method (revenue recognition method) for each project within the contract. Choose from total cost percentage complete, category cost percentage complete, labour hours percentage complete, billings and costs, project percentage complete, completed project, or accrual-basis.
- Assign each category to one of six cost types (labour, material, equipment, miscellaneous, overhead, and subcontractor) to track costs at a level necessary for your company.
- Automatically override General Ledger revenue account segments for each project and cost account segments for each category.
- Track, calculate, and automatically retain a portion of an invoice to handle common billing practices in the construction industry.
- Automatically create the customer’s invoice based on the transactions that are due to be billed. Review the generated billings for the customer and make necessary changes before updating Accounts Receivable.
- Transfer inventory items to a contract, project, and category and bill the customer for the inventory used.
- Return inventory items not used in the project to inventory for availability on other projects.
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Allow employees to easily manage their time and billing records from any location (on site or at the office) by entering timecards using an Internet browser.
