Costs

The Costs transaction form, available in the PJC Transactions folder, lets you use Project and Job Costing to post miscellaneous cost transactions without affecting Accounts Payable. For example, you might use the Costs form to record a purchase paid from petty cash, where you do not need to credit a vendor account.

You can post cost transactions for any project category or resource category in a contract.

When you post a cost transaction, Project and Job Costing debits a work in progress account (or cost of sales account) and it credits a specified cost account.

The program displays the work in progress account or the cost of sales account from the project or category (depending on the project type and accounting method). You can change the work in progress account in transactions only for projects that use an item invoice type. You can change the cost of sales account for any project that uses the accrual-basis accounting method.

The program also displays the cost account assigned to the project category as the default, but you can change the account for any cost transaction.

Note: To record a job-related miscellaneous cost for which you paid a vendor, you must use Accounts Payable or Order Entry. See the Help for these programs for further information.

To enter a cost transaction

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