Job Costing

Job costing is used in case any project work is going on for the company. Material are sent to different sites where work is going on. These sites can be created through job costing.

First press F11 and then F1, set "Use Cost Centre for Job Costing" as 'yes'.
Go to cost Catagory(Accounts info -> Cost Catagory -> Create) and create a catagory named project or sites. Then go to Cost centre(Accounts info -> Cost Centre -> Create) and create the name of the projects or sites where the work is being done. While creating thes cost centre set 'use job costing' as 'yes'.
Then create godown from where the material are supplied to these site/projects.
Then we have to alter voucher type Stock journal and create a class named job costing there and set "Use class for job costing" as "yes".

Then inorder to transfer the stock item from godown to site/project area, go to accounting vouchers press ALT + F7 select stock journal and class as job costing. Then pass the entry.