Hi Sandra,
We normally do Job Shops, Project costing, or Cost Control sites with Job Costing. Our preference is Job Costing instead of Time and Billing.
Best practices would also pair up Purchase Orders and Gridview with Job Costing so that you can see what is committed on PO to a job, as well as incurred costs, and compare totals to what is the budget for that category or phase. In some sites we also use Inventory. Purchase Orders are assigned to a job when posted, and the packing slip receipt posts immediately to the job details so all information is timely.
Gridview is essential for Job Costing to minimize the amount of reported data that is in the database and customize the dashboard views specific to project managers.
Job Costing also has retainage billing options, and allows for progress draws that are not directly tied to costs incurred. Billings can also be time and materials.
If WIP (work in progress) and Deferred Revenue are issues for your monthly financial reporting, then Job Costing is something you should be considering.
You can assign overheads within Job Costing with multiple bases with labour being retrieved from payroll or shop floor data collection using standard costs or using actual costs.
We have a new integrated software solution (Orders Link2 JobCost) that allows you to user Order Entry with Job Costing (unheard of before), and really benefits sites that need to use work orders (OE Orders) as packing slips to ship inventory to jobs, and to also use Order Entry for picking, shipping, and invoicing parts orders from the same inventory.
Lots of options but really need to talk to your Adagio consultant to see what would be the best fit for your business operations.
Best,
Brian
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