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Track Project Costs and Revenue Using Job Work Analysis Report in TallyPrime

With the Job Work Analysis report, you can track project costs and revenue to assess profitability, cash flow, and financial performance.

Before you begain | Prerequisites

Ensure that:

  • In F11 (Company Features), you have set Enable Job Costing and Enable Cost Tracking to Yes.
  • You have enabled cost allocation for stock items in the ledger.
    In the Accounting Ledger Creation/Alteration screen, set Allow cost allocation (stock item) as Yes.
    This option appears when Apply Cost Tracking of Stock Items for Ledgers is enabled under F12 (Configure).
  • You have created Cost Centres.

 

  1. Press Alt+G (Go To) > Job Work Analysis and press Enter.
  2. From the List of Jobs/Projects, select the job work or project that you want to analyse.
    Job Work Analysis Report in TallyPrime
    • Revenue (Income): All direct or indirect income generated from the project is recorded under Revenue (Income).
    • Cost (Expenses): All direct and indirect expenses incurred during the project are recorded under Cost (Expenses).
    • Net Profit/Loss: This section shows whether the project has made a profit or incurred a loss, helping you track its financial performance.
  3. To change the view, press Ctrl+H (Change View).
    • Monthly Summary: Displays a month-wise summary of the costs and revenue involved in the selected job/project.
    • Breakup of Job/Project: Displays the breakup of costs and revenue according to the Accounting Groups involved in the job/project.
    • Job/Project Summary: Displays an overall summary of the costs and income of the job/project.
  4. To identify the project with higher profitability:
    1. Press Alt+C (New Column).
    2. Enter the From and To dates.
    3. Select the project or job you want to compare.
      Job Work Analysis Report in TallyPrime
      The report compares projects side by side, making it easy to see which of the two projects is more profitable. This insight helps you identify the more profitable project and plan cost-saving measures for future projects.
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