Accounting Software Tips

When it comes to Accounting Software, we've been there, done that, now serving 88 tips in 18 categories ranging from About Government Accounting Standards to What is Job Cost Accounting?.

How can accounting software help analyse job costs?

Analysing job cost

Accounting software is one of the most reliable tools for job cost analysis. To save time, there are template job cost reports accessible with MAS 90 and MAS 200 software. Using the prepared template to create job cost analysis reports, you save time, communicate faster with your client, and thereby are more effective in executing your business plan. Through Blytheco's website you can order comprehensive reporting for your job cost; from reports which show budgeted and actual units and dollars by cost code, to job profit reports showing job revenue and expenses for material, labor, and overhead. The ability to calculate these job costs quickly and accurately is invaluable to small businesses in increasing efficiency and allowing you to spend more time on the work that matters most.

Why is job cost accounting important for my business?

Accounting for job cost

Job cost accounting is fundamental to any business. Say you are an interior designer. You have a project to design a house. You draw out the plans, have it approved; you set about putting the design in place. Your customer has a budget. Oops, you're design for the house far exceeds that budget and you, the poor self-employed designer, have bought all of the material upfront. Why didn't you sit down and think about it? Before you know it you've spent more on a project that you've made. Your business is going to lose money, and if it's a small business and you own it, it could well be the end. That is why job cost accounting is so critical. You need software that is fast and reliable at calculating how much it is going to cost you to do the work - if you're going to make money from the project at all. The efficiency of your job cost analysis could be the difference between success and failure.

Which job cost accounting software should I use?

Choosing job cost accounting software

Job cost accounting software from Blytheco comes in the form of Crystal Reports for MAS 90 and MAS 200 software programs. These programs are part of the job cost accounting software you should use if you want to monitor the cost of your work effectively and accurately. There are four job cost crystal reports to choose from. Which one you use depends upon the nature of the job, what type of analysis you want of the total cost. The job cost code P and L report, for example, shows the budgeted and actual units and dollars for your job by cost code. The report also contains information about type, status, contract number, bill method status date, contract date, the estimator, manager revenue to date, and billed to date. This is probably the most comprehensive option, and only required if the work project is particularly complex in terms of management. Whereas the costs by job number report is more specific to tracking material used in projects and for work orders.

How can job cost software improve my business?

Using job cost software

Job cost software can improve your business very simply. If you can track your job cost accurately and without time and effort, you are more likely to prove efficient when it comes down to the fun side. Doing the work you are good at is only possible if you have managed to keep a handle on the resources that you need. Job cost software will help you do this in as little time as possible, so that when it is time for you to set to work and impress your client, you can.

What are the government accounting standards and how do they affect small businesses?

Government accounting standards

Government accounting standards are addressed in government accounting software packages available through many accounting software companies.

Some tips on choosing your government accounting software package:

* It is important when you are learning about government accounting standards and software that you choose a scalable solution that will meet the needs of your growing business or non profit. Seek a modular system that can grow with you.
* Make sure that your staff has appropriate accounting software training to ensure that they are maximizing the features offered by the software.
* Work with your accounting software company to maximize your investment and use the data entry and reporting tools to the best of your ability. Complying with GASB is only the first step.

Which government accounting software do I need?

Choosing Government Accounting Software

One of the most comprehensive government accounting software is the MIP Government Series.

This software series introduces solutions to the thirty-four challenges of the Government Accounting Standards Board.

These solutions include:

* Individual fund and grant tracking
* Built-in accounting report writer that is preformatted to comply with GASB standards for such reports.
* Features to set up charts of various accounts
* Security features to protect account information according to government accounting standards

Not finding the advice and tips you need on this Accounting Software Tip Site? Request a Tip Now!

Guru Spotlight
Patricia Walters-Fischer