Actual Job Costing
Manufacturers of highly engineered or complex products demand true actual job costing. Encompix is not an item-based application, therefore you can buy, sell and ship items not pre-defined to an item master. Encompix collects actual material costs at the time the purchase order receipt is vouchered. Actual labor costs are collected as reported to the system. All job costs may be viewed individually, or collectively rolled up into a parent project. Jobs may also be defined as projects, allowing the actual costs to be applied directly to COGS, with full Revenue Recognition accounting to support long lead-time production.