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Tally.Erp 9 Job Costing Ver 1.0
- 1. Job Costing in Tally.ERP 9 Presentation by Ateeq, Tally Solutions P Ltd, Chennai. (Apr – 2009)
- 2. Job Costing Job costing is a form of costing, which applies to a job undertaken according to customer requirements and specifications. Each job is assigned a job number or Job name to ascertaining the actual costs incurred for each job. Job costing systems accumulate costs separately for each product or service, based on the jobs undertaken. Examples of Job Costing are Interior Decoratoration , Construction, Architecture, Printing etc .,
- 3. Benefits of Job Costing To determine the true cost for each job broken down by locations. To determine the revenue and expenditure and therefore the profit associated with each job. To track overhead costs by allocating them for each job. To identify profitability of projects at an early stage.
- 4. Benefits of Job Costing Tally.ERP 9 enables the tracking of cost and revenue information down to the smallest detail. Each project or job is created as a Cost Centre to track all the incomes and expenses for a project. The Cost Centres and Inventory Options are integrated in Tally.ERP 9 to enable Job Costing
- 5. Features of Job Costing It helps in accumulating Cost and Revenue for a particular Job / Project. It allows tracking transfers of materials from one godown to another. It allows tracking of consumption of materials at different locations. It ascertains profitability i.e., Net Profit / Loss for a particular Job / Project.
- 6. It provides summary of inventory movements (Opening, Inwards, Outwards , Transfer, Consumption etc.) Allows comparison of each element of cost, selling price and profit with other jobs in single screen. Allows drill down till voucher level for any kind of alteration or reference. Features of Job Costing
- 7. E nabling Job Costing
- 10. Creation of Masters for Job Costing 1. Creation of Cost Centres. 2. Creation of Godowns (dedicated to specific jobs). 3. Creation of Stock Items 4. Creation of Customer and Supplier ledgers 5. Creation of Sales and Purchase ledger accounts 6. Creation of Expenses and Income Accounts Creation of Stock Journal - Transfer Voucher class 8. Creation of Stock Journal - Consumption Voucher class
- 11. Creation of Masters for Job Costing 1. Creation of Cost Centres.
- 12. Creating Cost Centres Gateway of Tally > Accounts Info > Cost Centres > Create
- 13. Creation of Masters for Job Costing 1. Creation of Cost Centres. 2. Creation of Godowns (dedicated to specific jobs).
- 14. Creating Godowns Godowns are created for each Project. Godown is taken into account for all the materials issued or received for that particular Project .
- 15. Creating Godowns Gateway of Tally> Inventory Info > Godowns > Create
- 16. Creation of Masters for Job Costing 1. Creation of Cost Centres. 2. Creation of Godowns (dedicated to specific jobs). 3. Creation of Stock Items
- 17. Creation of Masters for Job Costing 1. Creation of Cost Centres. 2. Creation of Godowns (dedicated to specific jobs). 3. Creation of Stock Items 4. Creation of Customer and Supplier ledgers
- 18. Creating Ledgers Creating Ledgers for Job Costing is similar to that of other Ledgers.
- 19. Creating Party Ledgers Create party accounts for Customers under Sundry Debtors. Create Suppliers under Sundry Creditors.
- 20. Creating Sales and Purchases Ledgers Create Sales Ledgers under Sales Accounts Create Purchase Ledgers under Purchase Accounts. Ensure that the field Cost Centres are applicable? is Yes for the Ledgers that are to be included in Job Costing.
- 21. Creating Income and Expenses Ledgers Create Income Ledgers such as Project Inspection Charges etc. under Direct Income . Create Expense ledgers such as Transportation Charges, Project Site Rent under Direct Expenses . Staff Welfare, Telephone Charges etc. can be under Indirect Expenses as required by your project. Ensure that the field ‘ Cost Centres are applicable? is Yes’ for all the Ledger Accounts you want to include in Job Costing.
- 22. Creating Stock Journal Voucher class Stock Journal classes allow you to handle transfers from one location (Godown) to another location. It also allows you to track transfer of materials for consumption.
- 23. Gateway of Tally > Accounting Info or Inventory Info > Voucher Types > Alter > Stock Journal > under ‘Name of Class’ give the name as ‘Transfer’: Creating Stock Journal – Transfer Voucher class
- 24. Gateway of Tally > Accounting Info or Inventory Info > Voucher Types > Alter > Stock Journal > under ‘Name of Class’ give the name as ‘Consumption’. Creating Stock Journal – Consumption Voucher class
- 26. Creating Purchase Vouchers To allocate the Cost Centers, enter purchase in Voucher mode (as the Cost Allocation sub-screen does not appear in the Invoice mode)
- 28. .
- 29. Inter Project Transfer Entry Gateway of Tally > Inventory Vouchers > press Alt+F7 > Stock Journal with Transfer Class
- 30. Inter Project Transfer Entry
- 31. Consumption Entry Gateway of Tally > Inventory info > Alt+F7 > Consumption under Class .
- 32. Consumption Entry Consumption Amount will be shown under ‘consumption’ column in the Job Work Analysis Report .
- 33. Other Transfers When materials are transferred from one godown to another without selecting ‘Transfer’ \ ‘Consumption’ voucher class it will be taken under ‘Other Transfers’ in the Job Work Analysis report.
- 34. Other Transfers
- 35. Creating Manufacturing Journal Job Work Analysis report will also take into consideration, a product produced by passing Manufacturing Journal voucher.
- 36. Creating Manufacturing Journal Gateway of Tally > Accounts Info or Inventory Info > Voucher Types > Create
- 37. Creating Bill of Materials
- 38. Creating Bill of Materials
- 43. Job Costing Reports Job costing report : Enables the user to know the Net Profit/Loss for the selected job.
- 44. Types of Job Costing Reports 1) Job Work Analysis 2) Material Consumption Summary 3) Comparative Job Work Analysis report
- 45. Job Work Analysis Report Gateway of Tally > Display > Statement of Inventory > Job Work Analysis
- 46. Job Work Analysis Report
- 47. Job Work Analysis Report - Detailed view:
- 48. Job Work Analysis Report - Detailed view: with Percentage
- 49. Materials Consumption Summary Report
- 50. Materials Consumption Summary Report
- 51. Materials Consumption Summary Report
- 54. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Purchase: The value of the materials which are purchased for the project is displayed here.
- 55. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Manufacturing Journal : The value of the materials which are produced by passing Manufacturing Journal voucher tagging to the appropriate godown, is displayed here under Inwards.
- 56. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Inter Project Transfer: The value of the transfer entry which is made by using ‘Class’ created for ‘Stock Journal’ and tagging to the appropriate godown is displayed here.
- 57. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Other Transfers: Transfer of materials which are done by NOT using the ‘Transfer Class’ created for Stock Journal would appear here.
- 58. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Cost of Sales: The Value of Cost of Sales will be displayed here. Cost of Sales is nothing but Number of quantities (Sold) x Cost of Purchase.
- 59. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Job Consumption: The value of the entries which are made using ‘Consumption Class’ create for Stock Journal is displayed here.
- 60. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Manufacturing Journal: The value of the materials which are used\ consumed for a Job/Project in the manufacturing journal voucher entry is displayed here.
- 61. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Inter Project Transfer: The value of the transfer entry which is made by using ‘Class’ created for ‘Stock Journal’
- 62. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Other Transfers: Transfer of materials which are done by NOT using the ‘Transfer Class’ created for Stock Journal would appear here
- 63. Materials Consumption Summary Report Further drill down from Material Consumption Summary to Material Consumption Stock Summary, would enable the user to view the Stock Group: Closing Value: Closing value of an item will be determined based on costing method. Closing value = Opening Value + Inwards – Consumption – Other Transfers
- 64. Drill down further to display the Godown Voucher screens.
- 66. Plz forward your queries \ feedback to [email_address]
- 67. Thank you…