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 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 Job name. Job costing systems then accumulate costs separately for each product or service, based on the jobs undertaken, for each product or service.
Some of the examples of Job Costing are Interior Decoratoration, Construction, Architecture, Printing etc.,
To determine the true cost for each job broken down by locations
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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Enabling Job Costing
Creation of Masters for Job Costing
Creating Cost Centres for Job Costing
Creating Godowns for Job Costing
Creating Ledgers for Job Costing
Creating Stock Journal Voucher class
Creating Stock Journal Vouchers for Job Costing
Creating Manufacturing Journal for Job Costing
Creating Journal Vouchers for Job Costing
Creating Payment Vouchers for Job Costing
Creating Sales Voucher for Job Costing