Job Cost Accounting Software

Job Cost Accounting Software is typically designed with project managers of construction, job or professional service people in mind.

It can be described as job cost software with more emphasis placed on the revenue and profit functionality.

Typical features would include the ability to:

• allocate responsible people, material and subcontractors to projects
• handle more complex projects with several phases and multiple jobs
• accommodate different basis for projects (time & materials; lump sum, cost plus)
• conform to standard billing practices in the construction industry (eg retentions)
• automatically create the customers invoice
• incorporate a timesheet system for employees that is able to be completed off-site
• have an integrated payroll system
• select when revenue is to be recognised via an earned value approach
• report of the status of each project and drill down to the transaction level

While useful, job cost accounting software still lacks a risk management functionality and the liquidity reporting available in fully featured construction accounting software.