Job Costing Transactions

The data model encompasses various measures including Debit, Credit, Actual, Selling Price Budget, Selling Price Actual, Cost Price Budget, Cost Price Actual, Unit Price, Line Discount, Transaction Quantity, Budget Unit Cost, WIP Debit Amount, WIP Credit Amount, Job Quote Amount, Profit Value, Revenue, and Profit Margin. The model supports multiple views such as Item Cost/Selling Price Analysis, Job Costing Work In Progress, Average Cost by Job, Jobs Actual vs Estimated Cost, and Profit by Job, facilitating profitability analysis, cost control, and performance evaluation for job costing transactions.

Benefits of This Data Model

• Enhanced Profitability Analysis: The data model enables in-depth analysis of profit margins and revenue, helping businesses identify opportunities for increased profitability.
• Improved Cost Control: By providing detailed insights into cost price budgeting and actual cost prices, the model supports effective cost control measures for better financial management.
• Efficient Performance Evaluation: The model facilitates the evaluation of job costing transactions, allowing for a detailed assessment of job performance and efficiency.

Key Performance Indicators (KPIs)

• Debit: The amount recorded on the debit side of a job costing transaction, indicating money going out or expenses incurred.
• Credit: The amount recorded on the credit side of a job costing transaction, indicating money coming in or revenues earned.
• Actual: The actual cost, price, or quantity associated with a specific job costing transaction.
• Selling Price Budget: The planned selling price for a specific job costing transaction.
• Selling Price Actual: The actual selling price for a specific job costing transaction.
• Selling Price Variance: The variance between the actual selling price and the budgeted selling price for a specific job costing transaction.
• Cost Price Budget: The planned cost price for a specific job costing transaction.
• Cost Price Actual: The actual cost price for a specific job costing transaction.
• Cost Price Actual (Avg.): The average actual cost price for a specific job costing transaction.
• Cost Price Variance: The variance between the actual cost price and the budgeted cost price for a specific job costing transaction.
• Unit Price: The price per unit for a specific job costing transaction.
• Unit Price (Tax Incl.): The price per unit including taxes for a specific job costing transaction.
• Unit Cost: The cost per unit for a specific job costing transaction.
• Line Discount: The discount applied at the line level for a specific job costing transaction.
• Transaction Quantity: The total quantity associated with a job costing transaction.
• Transaction Quantity to Invoice: The quantity of the transaction that is yet to be invoiced.
• Transaction Quantity Invoiced: The quantity of the transaction that has been invoiced.
• Transaction Quantity Available: The available quantity of the transaction that can still be invoiced.
• Budget Unit Cost: The planned cost per unit for a specific job costing transaction.
• Budget Unit Price: The planned price per unit for a specific job costing transaction.
• Budget Unit Price (Tax Incl.): The planned price per unit including taxes for a specific job costing transaction.
• WIP Debit Amount: The Work in Progress (WIP) amount recorded on the debit side of a job costing transaction.
• WIP Credit Amount: The Work in Progress (WIP) amount recorded on the credit side of a job costing transaction.
• WIP Debit Quantity: The Work in Progress (WIP) quantity recorded on the debit side of a job costing transaction.
• WIP Credit Quantity: The Work in Progress (WIP) quantity recorded on the credit side of a job costing transaction.
• WIP Balance: The balance of Work in Progress (WIP) for a specific job costing transaction.
• WIP Variance Value: The variance value of Work in Progress (WIP) for a specific job costing transaction.
• Job Quote Amount: The quoted amount for a specific job.
• Profit Value: The profit value generated from the job costing transaction.
• Revenue: The total revenue generated from the job costing transaction.
• Profit Margin: The percentage of profit margin for a specific job costing transaction.

Available Visualizations

View Name	Description
Item Cost/Selling Price Analysis	Offers insights into profitability and pricing strategies.
Job Costing Work In Progress	Tracks the value of incomplete jobs in progress.
Average Cost by Job	Calculates the average cost of a job for cost control.
Jobs Actual vs Estimated Cost	Compares the actual expenses with estimated costs per job.
Profit by Job	Analyzes profit margins and performance for each job.