Timecards/Job Costing - Posting Job Labor
Details:
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 |
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