how to use job costing -...

MYOB SUPPORT NOTES Copyright reserved 361 Degree Consultancy Pte Ltd Tel: 6515 7906 Fax: 6515 7908 www.361dc.com HOW TO USE JOB COSTING? For every individual journal entry posted in MYOB Premier, a job can be assigned at the invoice line item. A Job code may be used to track: 1) Income and expenses related to a specific job / project 2) Monitoring and tracking the progress of a job / project 1. Assume Kacang Putih Pte Ltd has a Purchase order of 20 quantities of A001 at $5.00 each for Job A and 5 quantities of A001 at $8.00 each for Job B on 12/06/2014. The supplier is Kacang Kacang Pte Ltd. The company’s policy is to track every job cost. 2. Go to Menu Bar -> Lists -> Jobs to create a new job code. 3. Click New to create the new Jobs : Job A & Job B

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MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

HOW TO USE JOB COSTING?

For every individual journal entry posted in MYOB Premier, a job can be assigned at

the invoice line item. A Job code may be used to track:

1) Income and expenses related to a specific job / project

2) Monitoring and tracking the progress of a job / project

1. Assume Kacang Putih Pte Ltd has a Purchase order of 20 quantities of A001 at

$5.00 each for Job A and 5 quantities of A001 at $8.00 each for Job B on 12/06/2014.

The supplier is Kacang Kacang Pte Ltd. The company’s policy is to track every job cost.

2. Go to Menu Bar -> Lists -> Jobs to create a new job code.

3. Click New to create the new Jobs : Job A & Job B

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

Click OK to save.

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

4. Next, create a Purchase Order and assign the entries to their respective jobs.

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

5. Create a sales invoice of quanties of 10 of A001 at selling price $15 to Super

Coffee Pte Ltd.

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

6. Assume Kacang Putih Pte Ltd incurred postage expenses of $10 under this job, go

to Banking Command Centre -> Spend Money to input the entry.

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

7. To view the transactions listed under a job, go to Menu Bar -> Index to Reports ->

Accounts Tab -> Jobs -> Job Transactions. Click Display.

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

MYOB SUPPORT NOTES

Tel: 6515 7906 Fax: 6515 7908

www.361dc.com

8. . You may also generate a Profit & Loss Report based on Jobs. Go to Menu Bar ->

Index to Reports -> Accounts Tab -> Jobs -> Profit & Loss

Click Customise to select the date period then click Display.

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