The Project and Job Costing module provides an effective solution for project managers in construction, job service, and other professional industries who require a time-and-material system. It delivers the tools necessary to manage the simplest to most complex contract or job. It makes the estimating, tracking, costing, and billing of projects easy and manageable—simplifying cost control and planning.

With the powerful features of Project and Job Costing you can identify potential issues and determine success factors for any project. Automated billing streamlines customer invoicing, reducing the time spent managing this process.

• 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.
• Maintain multiple projects or phases within each contract and track multiple categories within each project.
• Change contract, project, and category names to match industry-specific terminology.
• Maintain multiple contracts or jobs per customer.
• Use as many as five segments in your contract numbers to represent types of contracts and divisions.
• Easily navigate through the projects and categories within the contract using the optional tree view.
• 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, labor hours percentage complete, billings and costs, project percentage complete, completed project, or accrual-basis.
• Mix and match the project types and accounting methods for very complex or simple projects.
• 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.
• Easily have employees manage their time and billing records from any location (on site or at the office) by entering timecards using an Internet browser.
• As equipment is used within a project, record the cost and billing rate (for time-and-material projects) of the equipment so you can bill the customer for usage.