Job costing is a form of specific order costing, which applies to a job undertaken according to customer requirements and specifications. Tally.ERP 9 enables the tracking of cost and revenue information like material, labour, and overhead for a specific job down to the smallest detail. With a view to ascertaining the actual costs incurred for each job, each job is assigned a job number or a job name.
● To determine the actual cost for each job, location-wise
● To determine the revenue and expenditure and therefore the profit associated with each job
● To track overhead costs by allocating them for each job
● To identify loss on projects at an early stage
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