Prior Job Costs

Entering Job Costs
       Using Expenses | Using Cost Transfers

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       Accounting Software | Job Costing Software | Job Costs Software | Project Management Software

RELATED TOPICS
       Cost Transfers | Job Costing | Labor Hours | Material Purchases | Other Costs | Subcontractor Costs

Entering Prior Job Costs

If you have projects underway when you start using Goldenseal, you can enter prior job cost information for them. That allows you to get a more accurate picture of the total project cost.

Using Expense Transactions

To include prior expenses, enter them into expense transactions (Equipment Log, Labor Log, Purchases, Subcontractor Bills, Other Costs). Use Job Cost Only as a status. Goldenseal will use the cost information for job costing, but it will not affect Accounts Payable.

HINT-- You can enter estimated costs, if you don't know the exact amounts.

Using Cost Transfers

You can also use a Cost Transfer to enter costs that you have already spent on a project. To do so, follow these steps:

1. Choose Special Transfers from the Accounts menu, then choose Cost Transfers from the submenu.
2. Click the New button.
3. Enter Prior Costs into the Transfer Type popup menu.
4. Enter the project into the Move To fields.
5. To enter multiple costs at one time, enter Category into the Breakdown popup menu (or enter Items if you want to enter specific cost items).
6. Enter specific costs into the breakdown table.

To include prior project income, enter payments amounts into Bank Deposit transactions, and use Job Cost Only as a status. Goldenseal will credit the income to the job, but it won't affect the account balance.

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