Job Cost / Installed Sales
Work in Progress (WIP) / Fixed Price Billing

Effectively track costs on installed sales, from beginning to end, through ProfitMaster Canada's innovative Job Cost program. By setting up individual activity codes and monitoring resource and labour costs, Job Cost allows you to track costs on the profit-making activities of each account.

Features and Benefits

• Customer billings for "stages" of installed sales; whereby the customer receives a summary invoice representing the products shipped to the job.
• Posts costs from five job cost buckets/categories: inventory; materials; labor; subcontractor; and miscellaneous. Each category can contain its own markup percentages.
• The ability to set up individual jobs, each of which contains its own individual set of activity codes, (i.e. excavating or framing).
• Fixed Price Billing allows you to quote and invoice a fixed price to a customer, and then bill all of the detail (inventory, delivery, labour, etc.), to that specific job.
• Automatically interacts with Inventory Control to reflect transfer of stock merchandise into jobs, at the right costs and markups as well as special order Purchasing and Receiving.
• Tracks costs for 99 different phases, and 99 different activities within each phase for each job.
• Provides a tracking mechanism for determining percentages of completion by jobs, activities within jobs, and their percentages of billings that have taken place.
• The ability to monitor and compare original budget amounts by phase for Profit and Loss comparisons.
• Applies overhead or markup percentages to be established and applied to all different costs going into a job.
• Features customized numbering and naming terminology for activity codes.
• Inventory transactions are processed at the P.O.S. sales screen. Thus, inventory on-hands and average weighted costs are affected as items are invoiced or credited.
• Allocated costs during inventory shipping to Work in Progress (WIP) vs Cost of Goods (COGS).
• A separation of customer invoicing from product shipping and a full segregation for Sales & Accounts Receivable reporting.
• Shares printers with other applications for hard copies of invoices for jobs, written reports, etc.
• Gives you the flexibility of setting up your records for activities in the logical sequence as they normally occur on the job.
• Job Cost billing allows a gross margin % of cost to be allocated to an invoice. Can also be based on the specific cost to date of the job. This will include any applicable markups setup and PST tax which is normally on the goods as they are transferred to the job.