hardhat job cost accounting software the hardhat job cost accounting software provides you with the...
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HardhatJob Cost Accounting Software
The Hardhat Job Cost Accounting Software provides you with the necessary tools to accurately track Job Costs.
This Presentation will show you how simple it is to enter Job Budgets and to be able to compare actual Job Costs to Budgets.
HardhatJob Cost Accounting Software
As a Contractor, there are three important things you must know and control:
The above cliché emphasizes the IMPORTANCE of controlling Job Cost. How well you control Job Cost determines how well you control Job and Company Profits.
1. Job Cost
2. Job Cost
3.Job Cost
HardhatJob Cost Accounting Software
Hardhat allows you to designate the cost codes and income codes that you want to track in Job Cost.
HardhatJob Cost Accounting Software
LABOR-REGULAR LABOR-PREMIUM LABOR-OVERHEAD MATERIAL EQUIPMENT-OWN EQUIPMENT-RENTAL SUBCONTRACT SUBCONTRACT-RETAINAGE TRAVEL-RELATED LICENSES AND PERMITS INSURANCE AND BONDS FUEL MISCELLANEOUSCONTRACT BILLINGSCONTRACT BILLINGS-RETENTION
Sample Cost/Income Code List
HardhatJob Cost Accounting Software
Let’s set up our new Job (next slide):• Job Name• Jobsite Location• Project Manager (allows us to run Profit and
Loss reports for a specific Project Manager)
HardhatJob Cost Accounting Software
Let’s set up a Phase (next slide):
We will keep it simple:
Phase 1
Hardhat allows you to track expenses for each
phase of a job.
HardhatJob Cost Accounting Software
Okay, we’ve set up our Job.
Now let’s enter our budgets (next slide):
HardhatJob Cost Accounting Software
We’ve set our new job, our phase, and we have entered our budgets.
Let’s go enter some actual dollars to our new job.
In the next slide, you can click on the different applications to learn how dollars are posted to Job Cost.
HardhatJob Cost Accounting Software
Equipment
GeneralLedger
Inventory
ServiceWorkOrder
ProgressBilling
Time And
MaterialBilling
Payroll
A/RA/P
JOBJOB COSTCOST
All “ROADS” lead to JOB COST!
HardhatJob Cost Accounting Software
Thank you for your interest in the Hardhat Job Cost Accounting Software.
Please contact me you have any questions or comments or if you want to schedule an on-line or on-site demonstration.
Thank you,Tom HaleHardhat, Inc.901.734.5056Email: [email protected]
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HardhatJob Cost Accounting Software
Thank you for your interest in the Hardhat Job Cost Accounting Software.
Please contact me you have any questions or comments or if you want to schedule an on-line or on-site demonstration.
Thank you,Tom HaleHardhat, Inc.901.734.5056Email: [email protected]
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HardhatJob Cost Accounting Software
Accounts Payable
We will be entering A/P Invoices for:
•Equipment Rental•Material•Subcontractor•License and Permits•Insurance and Bonds
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HardhatJob Cost Accounting Software
Accounts PayableSubcontractor
Continue
Notice that Hardhat
lets us know that
the Insurance
Certificate has
expired.
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HardhatJob Cost Accounting Software
Accounts PayableLicense and Permits
Continue
Notice that Hardhat
lets us know that we went over our budget.
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HardhatJob Cost Accounting Software
Payroll
Hardhat can post Payroll Overhead to Job Cost:
•Workman’s Compensation•Social Security and Medicare•Federal Unemployment•State Unemployment•Fringes
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HardhatJob Cost Accounting Software
Payroll
Prevailing Wage:
When we set up the job, we establish the Prevailing Wage Pay Rates in Hardhat.
Each week when Payroll is entered, Hardhat will automatically pull in the appropriate Pay Rate, eliminating the need to keep track manually of the jobs that have Prevailing Wages.
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HardhatJob Cost Accounting Software
Payroll
Continue
Our Job is aPrevailingWage Job.Notice that
the wage for Journeymen
is 30.00.
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HardhatJob Cost Accounting Software
Payroll
Continue
ThisEmployee’sDefault Pay
Rate is 21.00.Hardhat
pulled in thePrevailing
Wage Rateof 30.00.
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HardhatJob Cost Accounting Software
Payroll
Continue
Let’s includethe TravelExpenses
on theEmployee’s
PayCheck.
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HardhatJob Cost Accounting Software
Payroll
Continue
Look how easy it is to post hoursfor an Employee to different
Jobs on the same day.Notice the Pay Rate is 21.00
(not 30.00)!
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HardhatJob Cost Accounting Software
Payroll
Hardhatproduces
the WH-347
along withall other RequiredForms.
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HardhatJob Cost Accounting Software
General Ledger
We can distribute our fuel costs out to Jobs using the General Ledger Journal Entry program.
One commonly used method is to distribute based on the percent of Payroll dollars.
If Job A10999 has 55 percent of the Payroll dollars for the period, we should post 55 percent of our fuel cost to that Job.
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HardhatJob Cost Accounting Software
Equipment
If we are using Company-owned Equipment on the Job, we should post that expense to Job Cost.
We can enter industry-specified hourly operating rates for each piece of Equipment.
Once a week, we can enter the number of hours each piece of Equipment worked on each Job.
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HardhatJob Cost Accounting Software
Inventory
Whether your company manufactures a product that is consumed on a Job or if you have a warehouse full of products that are consumed on a Job, the material costs should be charged out to Job Cost.
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HardhatJob Cost Accounting Software
Time and Material Billing
Continue
Hardhat keeps track of all expenses and Payroll by Job, making it easy to process Time and Material Billing.
You can designate billing rates by Labor Class.
You can also designate markup percentages by Job.
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HardhatJob Cost Accounting Software
Service Work Order
Continue
Hardhat’s Service Work Order module allows you to process billings in a timely manner.
Features:
•Dispatch Board•Tracks Service Work Orders and call history by customer and site•Include Preventive Maintenance Calls•Printed Service Work Orders•Printed Invoices
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