Job Cost & Analysis Setup

Job Cost Analysis Setup *

The Job Cost & Analysis Setup section of the Set Up Wizard has 5 main components: Labor Rates, Billing Rates, Overhead Rate, Post Overhead, and Cost Center Support.

Rates and sub rates may be set here based upon Company preferences and decisions made during Implementation. These along with Overhead Rate will be utilized in Job Cost & Analysis and Budgets.

What are Labor Rates? *

Reflects Labor Cost and can be applied to Activities. Additional rates would be added for Activities with higher Labor Costs for Budgeting purposes.

  • From Administrate>Set Up Wizard> Materials>Job Costing>Labor Rates
  • Create <New Rate> name for labor activities cost – (this will be updated to all activities assigned this rate). Enter Rate
    Create <New Sub Rate> if necessary, for customers cost – (this will be updated to all activities assigned this rate).
  • Enter Rate. $ amount
  • Select <Update>

Once all Labor Cost Rates have been entered, these may be applied to Activities as required.

  • Navigate to Time & Payroll>Labor Activities>Activity Center
  • Select desired Activity and choose appropriate Labor Cost Rate from the drop-down list.
  • The new rate will be applied.

What are Billing Rates? *

Reflects Labor Billing Rates for Activities.

  • Set Up Wizard> Materials>Job Costing>Billing Rates
  • Create <New Rate> name for labor activities to be billed– (this will be updated to all activities assigned this rate).

laborrate

  • Enter Rate $ amount.
  • Create <New Sub Rate> if necessary, for customers to be billed- (this will be updated to all activities assigned this rate).
  • Enter Rate
  • Select <Update>
  • Navigate to Time & Payroll>Labor Activities>Activity Center.

  • Select desired Activity and choose appropriate Billing Rate from the drop-down list.
  • The new rate will be applied.

What is Overhead Rate? *

Overhead Rate is calculated by Total of Overhead Costs ($) divided by Total Direct Labor Hours for a set period of time. This is a forecast rate to be automatically applied to Direct Labor Hours when timesheets are approved for Budgets, Estimates and Analysis.

  • Enter starting Forecast Overhead Rate

How Do I Post Overhead? *

  • Select Period Start and End Date
  • Select Total OH Amount and enter $ amount or
  • Select OH per Hour and enter $ amount or
  • Select % of Wages and enter percentage

oh
** Overhead will be distributed over all direct labor hours that are NOT Overhead Jobs **

  • Choose whether or not to include overtime (Include OT)
  • Select <Update Results>
  • Once updated, TracManager will prompt to Post Results.
  • Then TracManager will prompt to update Forecast OH amount.

What is Cost Center Support? *

Choose whether to enable or disable standard overtime distribution method

  • Enable (Hides cost center fields on Job and Employee records)
  •  Disable (Visible cost center fields on Job and Employee records)