"Lab Practice" on 'Job Costing' @ Tally.ERP 9

Practical Example with Company Setup : Job Costing

1- Enabling Job Costing

2- Creating Jobs as Job Cost Centers

4- Creating Godowns dedicated to Jobs

5- Creating Units of Measure

6- Creating Stock Item

7- Creating Voucher Type with Voucher Class

In Tally.ERP 9, stock journals are used for the following purposes:

• To record the stages in the manufacturing process.
• To record the transfer of materials between godowns.
• To record the consumption of materials for Job Costing.
  
  Create one new Voucher Type and two Voucher Classes to deal with the scenarios in a manufac- turing as well as non-manufacturing environment.

8- Creating Receipt Note

On  1-4-2016,  Swayam Computer Zone,  placed  an  order  with  NeXT Computers  for  the following items :

9- Creating Purchase Invoice

On 2-4-2016, received a purchase bill from NeXT Computers for the supply booked.

10- Creating Transfer Journal

Swayam Computer Zone has employed Raj and Archana. The following components have been issued to them on 4-4-2016 for the upgrading job.

Details of Stock issued to Raj :

Details of Stock issued to Archana :

11- Creating Consumption Journal

On 5-4-2016, Raj and Archana found that 8 Systems needed a replacement of Mother Boards and Hard Disk. The respective consumption has to be recorded as a job cost.

12- Creating Payment Voucher

On 6-4-2016, Swayam Computer Zone made a cash payment of Rs. 31,250 as Service Charges and Rs.  20,000 as Travel Expenses, collectively to Raj and Archana. The costs were assigned to Upgrading Job.

13- Creating Sales Invoice

On 6-4-2016, Raj and Archana successfully completed the upgrading job at EssBee Solutions. Swayam Computer Zone raised an invoice on 6-4-2016 for the upgrading job.

14- Creating Stock Journal for Returns of Materials

On 6-4-2016, Raj and Archana return the remaining components to the stores having completed the job.