Advantages of Using Jobs

Related topics

Using job reports

Using cost types with cost codes in phases(Sage 50 Premium Accounting and higher)

Setting up a job ID with phases and cost codes(Sage 50 Premium Accounting and higher)

Using cost types with cost codes in phases(Sage 50 Premium Accounting and higher)

Set up a job

Set up job cost codes

Set up job phases

Perform other job costing tasks

Read the job costing overview

There are several advantages to using jobs in Sage 50:

Using jobs allows you to track your income and expenses for each project your company undertakes. You can create estimates for each job. As you enter materials or services used in the job on bills through accounts payable, they can optionally be assigned to a job so you can compare your actual costs with your job estimates.
You can exercise greater control over your costs and revenues by tracking customer invoices and payments received for each job.You can print reports throughout a job's duration to find out the total amount spent and net revenues due for each job.
You can also maintain statistics on various jobs including starting date, completion date, and the progress of each job and view these by printing various job reports.
If you use phases or cost codes, you can generate reports to display this information, showing you if a job is over or under budget for any phase or task involved. This can help you control your costs by adjusting one phase or task prior to the job's completion.

In sum, you can get greater insight into all your jobs or projects so that you know what you are spending, how long it is taking, and how much money you are estimated to make for each job.