Job Costing ERP Software Designed for Manufacturers

Identify profitable jobs

Track and manage costs for every job or project you have on the go, including labor, materials and overhead expenses.

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Genius Job Costing

Monitor and analyze costs associated with individual operations, projects or jobs to gain valuable insights into the financial performance of your manufacturing processes. Genius ERP’s job costing enables precise calculation of costs associated with specific manufacturing jobs, considering direct and indirect expenses such as labor, materials, equipment usage and overhead costs. Get a comprehensive view of the total cost involved in completing a job and compare estimated costs to actual costs.

Profit Analysis

Analyze costs to identify which of your jobs are truly profitable

Track job costs to assess the profitability of each project or job in your shop. Genius ERP lets you trace job costs throughout the production process, including gathering and allocating expenses related to labor, machines, materials and subcontracting to each job you have on the go. Identify high-profit jobs and optimize resource allocation for better financial outcomes. Increase profitability by accurately measuring job costs and comparing your initial estimate to target profit/loss centers.

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Financial Oversight

Control costs for better margins

Oversee costs throughout the entire production process to identify areas for potential cost savings. Genius ERP gives you hyper-accurate job costs to help you detect cost overruns or discrepancies quickly and early, enabling you to take proactive measures to control expenses and avoid financial losses. Use real-time data and metrics — including live job costing — to make informed decisions and improve on the fly which will enhance operational efficiency and create better financial outcomes.

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Cost Comparison

Compare estimated costs to actual costs

Genius ERP lets you compare estimated job costs to actual job costs in real time. Analyze costs per job or do a group analysis — including material consumption. Use detailed insights to compare how costs are distributed among labor, machines and materials, enabling you to make informed decisions for better cost management and optimization. Determine accurate pricing for future jobs based on historical cost analysis, ensuring that quotes and estimates are realistic, improving customer satisfaction and profitability.

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Key Features and Functionalities

When detailing your BOM, Genius ERP automatically generates an estimated job cost based on the information related to each material and operation. You can detail job costs for each material or for specific steps or processes. Gain valuable insights into resource utilization, helping you to streamline operations and allocate resources efficiently. Use Genius ERP’s job costing functionalities to eliminate significant differences between actual and presumed job costs.

  • Cost tracking, including standard, average and actual production costs
  • Cost allocation
  • Cost comparison (actual and estimated) by amount or by quanity
  • Compare initial cost estimates to target profit/loss centers
  • Create job cost budgets from estimates or work orders
  • Direct labor costs
  • Machine costs
  • Material costs
  • Sub-contracting costs
  • Budgeting and estimating
  • Profit analysis
  • Real-time analytics, including live job costing
  • Complete integration with other modules
  • Quickly determine actual vs. standard cost variances
  • Analyze profitability by job, project or contract
  • Determine profit/loss down to the item number

Built for the people who use it

Whether you are an engineer, production manager, accountant or CEO, Genius ERP has the solutions you need to get the job done right.

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Unlock savings and boost margins

Accurate job costing gives you detailed and timely information to make more informed decisions about production, pricing, process efficiency and more. This can help you save money, improve profit margins and pass cost savings along to customers. With the ability to compare costs and delve into specific cost breakdowns, you can confidently undertake profitable jobs while avoiding those that will eat into your margins.

Leverage reliable data and valuable insights to enhance decision-making in areas such as resource allocation, pricing strategies, production planning and process improvements, leading to improved financial performance and sustained business growth.

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Case studies

We’re honored to help hard-working manufacturers grow

Whether you’re looking for your first ERP, or you need a replacement solution, manufacturers just like you have realized the benefits of implementing Genius ERP.

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Frequently asked questions

How do you define job costs?

Job costs refer to the total expenses incurred for completing a specific project or job within a business. It is a critical calculation used by accountants to track and analyze costs associated with individual jobs. Job costing involves accumulating the costs of labor, materials, and overhead directly related to a particular project.

The formula for calculating job cost can be represented as: Materials Cost + Labor Cost + Overhead Cost = Total Job Cost

This approach enables businesses to determine the profitability of each job and gain insights into which projects contribute the most to overall success. Understanding job costs on a per-job basis provides valuable information for making informed decisions and optimizing resource allocation. By having a clear understanding of job costs, businesses can enhance efficiency, maximize profitability, and make strategic decisions for sustainable growth.

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What are the negative impacts of inaccurate job costing?

An inaccurate job cost can cause significant problems, including:

  • Profitability Loss: Inaccurate job costing can lead to underestimation of costs associated with manufacturing projects. As a result, manufacturers may underprice their products or services, leading to reduced profit margins or even losses on completed projects.
  • Financial Instability: Misjudging project costs can result in financial instability for manufacturers, especially if they consistently underprice projects. This can strain cash flow, increase borrowing needs, and jeopardize the company’s financial health.
  • Poor Decision-Making: Inaccurate job costing can lead to flawed decision-making processes. Manufacturers may make decisions based on incorrect cost data, leading to suboptimal resource allocation, pricing strategies, and investment decisions.
  • Loss of Competitive Advantage: Inaccurate job costing can erode a manufacturer’s competitive advantage. Pricing products or services inaccurately may lead to losing bids to competitors who have more accurate cost estimates. This can result in a loss of market share and decreased competitiveness.
  • Customer Dissatisfaction: If inaccurate job costing leads to delays, cost overruns, or lower quality products, it can result in dissatisfied customers. This can damage the manufacturer’s reputation and lead to loss of future business opportunities.
  • Inefficient Resource Allocation: Inaccurate job costing may result in inefficient allocation of resources such as materials, labor, and equipment. Manufacturers may allocate resources based on incorrect cost estimates, leading to waste, idle capacity, and inefficiencies in production processes.
  • Difficulty in Performance Evaluation: Inaccurate job costing makes it challenging to accurately evaluate the performance of projects, departments, or individual employees. This can hinder efforts to identify areas for improvement, optimize processes, and enhance overall productivity.

Overall, inaccurate job costing can have far-reaching consequences for manufacturers, affecting profitability, financial stability, competitiveness, customer satisfaction, and regulatory compliance. Implementing robust cost estimation and job costing systems, investing in accurate data collection and analysis tools, and regularly reviewing and updating cost estimates are essential steps to mitigate these risks and ensure accurate job costing practices.

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