Job Costing - Genius ERP

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.

Point 1

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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Point 2

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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Point 3

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.

Senior Management

Senior Management

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.

Case studies

We’re honored to help hard-working SMEs 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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Industrial Machinery & Equipment