peachtree-software peachtree complete accounting 7.0 Quick Setup Guide
Lesson VIII—Job Costing
Setting Up a Job
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Each job you set up in Peachtree Accounting can have up to three elements:
phases, cost codes, and cost types. For more information on these elements,
refer to the “Job Costing” chapter of the User’s Guide.
phases, cost codes, and cost types. For more information on these elements,
refer to the “Job Costing” chapter of the User’s Guide.
For this tutorial, we are going to set up a job which uses phases and cost codes.
Then we will enter a purchase and assign the transaction to a particular phase.
Next, we will enter a payroll transaction and assign labor and a cost code to a
second phase. Finally, we will invoice the customer for reimbursable expenses
and analyze job profitability.
Then we will enter a purchase and assign the transaction to a particular phase.
Next, we will enter a payroll transaction and assign labor and a cost code to a
second phase. Finally, we will invoice the customer for reimbursable expenses
and analyze job profitability.
Setting Up a Job
One of our sample company’s customers, Torrance Country Club, needs to
have some landscaping work done. We need to set up a job ID so that we can
track supplies and employee labor charged throughout the landscaping
project.
have some landscaping work done. We need to set up a job ID so that we can
track supplies and employee labor charged throughout the landscaping
project.
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From the Maintain menu, select Job Costs, and then Jobs.
The Maintain Jobs window stores general information about the job and
custom field information you want to track. It also allows you to enter
estimated revenues and expenses in order to analyze job profitability.
custom field information you want to track. It also allows you to enter
estimated revenues and expenses in order to analyze job profitability.
We need to create a job for Torrance Country Club’s landscaping work.
Most of the job information entered on this window is standard for all
jobs, except for the job name and customer ID. Our sample company
already has a similar landscaping job. We can copy the information from
it to our new job to save data entry time.
Most of the job information entered on this window is standard for all
jobs, except for the job name and customer ID. Our sample company
already has a similar landscaping job. We can copy the information from
it to our new job to save data entry time.