Job Costing lets you track profit and loss by the types of jobs your company performs for its customer, and the categories of expenses incurred in performing those jobs.
With this information, you can determine which of your company’s jobs are most and least profitable, whether you are overpricing or underpricing any jobs, and how your sales and expenses compare for multiple jobs. You can apply transactions written in the Payroll Checks, Customer Invoices, and Vendor Bills screens to any jobs you have set up.
From the Job Costing menu, you can access the following functions:
§ Job Setup: Add or edit jobs for your customers.
§ Transactions: Review transactions associated with your company's jobs.
§ Analysis: View a statement of profit and loss, by category or account, for any selected jobs.
§ Default Settings: Define the types of jobs, phases of completion, and categories of expenses you track.