What is the difference between an Expense and a Bill? How does this impact Job Costing?
To Add a Child Code or Major Code, you must first have a Parent or Division Code in the Cost Codes. Then to "action" box in Upper left of Screen and select "Add Child Code" if you need to add a Parent or Division select "Add Parent Code" from Same Drop Down. (Action Box)
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When to use Expense or Bills? How does this impact job costing?
There is no difference in how a Bill or an Expense affects job costing, both are costed to the job based on how they are filled out by cost code and/or MLESO
Job Costing Calculations Explained
Accurate job costing is often the difference between making money and losing money. Our job costing reports make it easy for you to stay on track of your budget, commitments, and actual expenditures so that at all times you know where things stand. ...
How do I make sure a Bill is accurately job costed?
When you record the Bill, you are given the option to choose the Cost Items so when you record the Bill, you will find the type and the cost code to ensure that the Bill is accurately job costed.
What is the difference between a Expense and a Bill?
Bills are created to document the work done so that payments could be made against it. Incomplete bills cause losses to contractors or the clients. Expenses on the other hand are created to log repair and maintenance of the building or any cost ...
How do I import Expenses into a Bill?
To import an expense into the Bill, please go to the Bill and click the pencil icon on the top right to make changes. From the "Add Item to Bill" drop down, choose Import from Expenses and import the expense into the Bill.