Dynamics NAV Solutions

Job Accounting
Fact Sheet

The Job Accounting module of Microsoft Dynamics NAV simplifies detailed planning and cost management of jobs and projects. It is ideal for job costing and service-oriented time tracking and billing.

The Job Accounting module helps you:

• Prevent costs from going unbilled
• Analyze and increase job profitability
• Use budgets and estimates for detailed capacity planning
• Manage employee, machinery and other resource allocations

Successful job and project management requires up-to-date information, as well as detailed planning capabilities and comprehensive follow-up analysis. The Job Accounting module gives you this functionality to help you improve your project accounting, billing and planning. It can help you build detailed costing plans and analyze job profitability as jobs are completed.

Standard reports allow you to compare actual to budget costs, actual to budget prices, as well as suggested billing reports to see what you should be invoicing your customers. It also helps you keep track of inventory, resources and other usage on jobs.

As costs are incurred on a job, they are automatically recorded in the job ledger and posted to the relevant accounts in other areas of the system, such as accounts payable and accounts receivable. Billing is then automatic for all costs that are chargeable, thus preventing your costs from going unbilled. Job sales transactions can also be entered through the job journal or through the Customer Invoicing option. Likewise, the Vendor Invoicing option can be used to record purchases directly to jobs instead of inventory.

Job Accounting enables you to plan and execute usage-value analyses, as well as follow up on projects, quotes, invoicing and costing. Use the Budgets/Estimates function to assign budgets or estimates to jobs. Create budgets and estimates that include inventory items, resources and other expenses. Link actual usage and sales directly to individual budget lines for detailed comparison with the estimated costs and sales prices.

The Job Accounting Module can optionally be used with the Resource Accounting module, which includes a Resource Capacity Planning function, allowing you to develop detailed capacity plans.

Resource Accounting Fact Sheet

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