Job Costing Analysis

Before installing Job Costing, thought should be put into the Job Costing Analysis Structure Chart. This will define how jobs will be structured for analysis.

The highest natural grouping of transactions that exists is time and materials. Costs could logically be further broken down into direct purchases and stock. A key to the flexibility of the Job Costing lies in the appropriate use of Cost Types and Cost Groups.

Clues as to how your business might be broken down into Job Types, Statuses, Categories, Cost Groups and Cost Types can be gleaned from the business forms that you use in the course of your businesses activity. These include Creditors Invoices that you receive, Debtors Invoices you produce, information written on time sheets and job cards, etc.

Analysis Available in MYOB Exo Job Costing

The following diagram outlines the analysis available in Job Costing: