IRIS Exchequer Project, Job & Time Costing
Comprehensive control and visibility of costs, from start to finish.
Accounting accurately for projects and jobs has a critical impact on your profitability. In the drive to complete a task, it’s easy to overlook time-related costs, so that the final invoice or internal cross-charge does not reflect all the work involved. With the Project, Job & Time Costing module, your teams can track costs closely so that projects stay within budget.
They will find the module saves time by performing many routine costing tasks for them. Not only does Project, Job & Time Costing ensure that costs are correctly billed, it allows you to analyse where time is spent, on which activities and by whom. Significantly, it also makes costs already committed visible, so you are not caught unaware further down the line.
Project, Job & Time Costing is suitable for any project driven organisation, in areas as diverse as engineering, IT, the media and performing arts. Not-for-profit organisations find it invaluable in measuring return on the effort which goes into holding fundraising events.
It is flexible enough to cater for all types of costing requirements and is ideal for any organisation which carries out jobs or projects on behalf of clients or internally.
Costs are controlled efficiently and the allocation of time and resources is optimised. With an instant view of the most profitable areas of your work, you have the insight to know where to invest your energies.
Improved control across your whole business
Project, Job & Time Costing has an impressive multi-dimensional job analysis structure, which lets you drill-down into every conceivable area of the costing system. For further flexibility, projects can be grouped into contracts to provide analysis at a group level as well as by individual project/job.
Key benefits
- Drill-down into any period to monitor and control costs
- Calculate work in progress and committed costs automatically
- Hold two sets of budgets (original and revised) at any level for instant interrogation
- Assign staff, materials, sub-contractors, equipment, miscellaneous items and overheads to each project
- Automatically track the cost and billing of projects
- Identify, report on and produce alerts on any potential issues
- Manage multiple projects, phases or contracts per customer and track multiple categories within each job
- Close a project to billings and/or costs at any time
- Specify whether each transaction is billable, non-billable, or no charge
- Track, calculate, and automatically retain a portion of an invoice to handle common billing practices in the construction industry
- Transfer inventory items to a contract, project, and category and bill the customer for the inventory used
- Track time as a cost
- Review project status, profitability and estimate actual comparisons through centralised inquiry capabilities
- Create jobs at quotation stage then configure as fixed fee, time and materials, cost plus or even non-productive job
- Set up projects and categories to use for default information
- Automatically override General Ledger revenue account segments for each project and cost account segments for each category
- Set up new contracts or quickly copy existing ones
- Allocate overhead and labour costs to each job
