Posting Job Labor


Step 1: Approve Timecards – posts applied labor and burden based on job type GL selections


Step 2: Recognize revenue – posts expense based on Timecard Cost Code GL selection


Approve Timecards


*Timecards must be marked as Approved to post as a cost on the job. 

GL Account
Debit
Credit
Journal
Jobs in Progress
XXX

Job Journal
Applied Direct Labor

XXX
Job Journal
Applied Labor Burden

XXX
Job Journal

 

Percent Complete Revenue Recognition

GL Account
Debit
Credit
Journal
Jobs in Progress (Profit)
XXX

Job Journal
Job Revenue

XXX
Job Journal
Timecard Expense
XXX

Job Journal