Job Cost Write Offs

Job Cost Write Offs

We now have the ability to write off jobs costs. The GL postings are determined by the Aborted Costs Division and Account codes set in the Control Accounts tab of the Company Master. Please contact support if you would like to start using the Job Cost Write Off function

This function writes ALL costs off the job. It is intended for use on tenders where costs are incurred but the work isn’t won. All of the original job cost transactions are reversed, and the sum of those transactions is then posted to the Job Cost Write Off control account

The target job must be closed for costs

The app for writing off job costs is very simple. You set the date and period you want to cost write off to post to, and then select the job. Once you click Post, the write off will immediately be processed

The transactions are then posted to the GL – reversing the original job costs and posting the sum of the transactions to the Job Cost Write Off control account