Job Management Job Management Setup
Job Management Setup Overview
This section is focused on the "behind the scenes" setup of Job Processing and the impact your choice of setup values will have on Job Costing and Job profitability reporting. Since every company may have different objectives and methods of applying costs to Jobs, the setup of the Job Management module requires great thought, consideration, and testing prior to implementing any setup values.
Prior to setting up the Job Management setup tables and options, your company must first have clear objectives for Job Costing and then incorporate these objectives into your setup choices. All Job Costing setups will post transactions to the General Ledger, so it is important your company has a clear understanding of the impact of your setup choices. If after reading this topic section your company is unclear how to accomplish your company Job Costing goals, it would be highly advisable to take advantage of the SedonaOffice Professional Services to assist your company in this planning and setup process.
Questions that need to be addressed when setting up Job Management:
· What level of reporting do I need?
· How streamlined do I want to make the job management process?
· Will I use WIP or expense Labor, Material and Commissions at the time it was expended?
How do I know if my company should be using WIP accounts? SedonaOffice highly recommends using WIP (Work in Process) accounts. This keeps the job income and expenses in the same accounting period, making income statements easier to analyze.