Job Costing in Sage Intacct vs. Sage 300 CRE
Explore the power of Sage Intacct’s superior job costing capabilities compared to Sage 300 CRE in our masterclass video.
Masterclass: Running Job Cost in Sage Intacct vs. Sage 300 CRE
We understand the importance of accurate job costing in the construction industry. That’s why we’ve prepared an insightful masterclass to help you make informed decisions about your financial software. In this side-by-side comparison video, our experts delve into the key differences between Sage Intacct and Sage 300 CRE cost accounting.
Sage Intacct: The Future of Job Costing in Construction
Sage Intacct Construction is the leading cloud-based financial management solution designed specifically for the needs of construction companies. With its advanced features and robust functionality, Sage Intacct job costing takes the process to a whole new level. Here’s what makes Sage Intacct stand out:
Superior Accuracy: Say goodbye to manual data entry and spreadsheet errors. Sage Intacct’s automated job costing capabilities ensure accurate and real-time project cost tracking. It also allows you to manage labor, materials, and equipment costs all in one place.
Seamless Integration: Sage Intacct effortlessly integrates with your existing construction systems, eliminating data silos and streamlining your financial processes. Experience unparalleled efficiency and visibility across your projects.
Advanced Reporting and Analytics: Gain deep insights into your project costs with Sage Intacct’s robust reporting and analytics tools. Identify trends, analyze profitability, and optimize your cost accounting processes with more in-depth visibility.
Still on Sage 300 CRE? There’s a better way
Transform The Way You Manage Accounting
Ready to take your job costing to new heights? Learn how Sage Intacct can transform the way you manage job costs, enhance profitability, and drive your construction business forward.
FAQ
What is Sage Intacct Construction Job Costing?
Sage Intacct Construction job costing is a specialized module within the Sage Intacct financial management platform designed specifically for the construction industry. It provides comprehensive job costing functionality to help construction companies track, analyze, and manage the costs associated with their projects.
With Sage Intacct Construction job costing, construction companies can accurately allocate and track costs at various levels, including projects, jobs, phases, and cost codes. It allows for detailed tracking of labor costs, material expenses, subcontractor charges, equipment costs, and other job-related expenses.
Can Sage Intacct Construction job costing track costs at different levels, such as by project, job, or phase?
Yes, Sage Intacct Construction allows for tracking costs at different levels, including by project, job, and phase. This provides construction companies with the flexibility to allocate and monitor costs with granularity based on their project and reporting needs.
Here’s how Sage Intacct Construction handles cost tracking at different levels:
- Project Level: At the highest level, Sage Intacct enables you to track costs by individual projects. This allows you to aggregate costs across multiple jobs or phases within a project and view the overall project cost information.
- Job Level: Within each project, you can track costs at the job level. Jobs represent specific tasks or work activities within a project. You can also allocate costs to different jobs, helping you monitor the financial performance and profitability of each job individually.
- Phase Level: For projects that are divided into phases or stages, Sage Intacct supports cost tracking at the phase level. This allows you to allocate costs to different phases of a project, providing insights into the cost distribution and progress of each phase.
What are the key differences between Sage 300 CRE and Sage Intacct Construction job costing?
Sage 300 CRE is an on-premises software solution, while Sage Intacct is cloud-based software. This means that Sage 300 CRE requires local installation and maintenance of servers, whereas Sage Intacct is accessed via the internet.
In addition to the comparison video above, a key difference between Sage 300 CRE and Sage Intacct Construction is the ability to drill down into transactions:
- Job Cost Inquiry: Sage Intacct allows you to perform a job cost inquiry, which enables you to search and view job-related transactions based on specific criteria such as job name, date range, transaction type, or cost code. This inquiry provides an overview of the job-related transactions.
- Job Cost Detail: Once you identify a specific job cost transaction of interest, you can drill down to view the detailed information associated with that transaction. This includes the specific cost codes, labor, materials, subcontractor costs, equipment expenses, and any other relevant details related to the job cost transaction.
- Source Document Access: Sage Intacct provides access to the source documents linked to job cost transactions. This means you can view and download invoices, receipts, purchase orders, and other supporting documents associated with the job cost transaction. Having access to these documents allows for better understanding and verification of the job costs incurred.
- Job Ledger Exploration: Sage Intacct enables you to explore the job ledger associated with a particular job cost transaction. This allows you to review the complete history of job-related transactions, including any changes, adjustments, or additions made over time. By examining the job ledger, you can track the progression of costs and identify any discrepancies or variances.
- Reporting and Analysis: Sage Intacct’s reporting capabilities play a crucial role in drilling down into job costing transactions. You can create custom reports that focus specifically on job costs, providing detailed insights into labor costs, material expenses, subcontractor charges, and other relevant metrics. These reports allow for in-depth analysis of job cost data, highlighting trends, cost overruns, profitability, and performance against budgeted costs.
By leveraging Sage Intacct’s drill-down functionality for job costing transactions, you can gain a comprehensive understanding of the costs associated with specific jobs. This enables effective cost analysis, budget monitoring, and decision-making related to job profitability and overall project management.