JC Cost Adjustments

JC Cost Adjustments allow users to move costs between jobs, phases, cost types, or between a job and a GL account.

Before you start

• Ensure you have the correct job, phase, and cost type details.

Steps

1. Open theJC Cost Adjustmentform.
2. Enter the job, phase, cost type, and amount for the cost you wish to adjust.
3. If moving costs to another job, enter the destination job, phase, cost type, and the opposite amount.
4. For adjustments involving a GL account, enter the GL account as the offset account.
5. Select the reversal option to 'auto-reverse' if you need to reverse the entry in a future month.
6. Choose the JC type, defaulting to job cost, or select accounts payable, equipment, or payroll for more detailed entries.
7. After entering all adjustments, file process the batch, validate it, preview the batch reports, and post the batch.

Notes

• The reversal option is set if future reversals are needed.
• Be cautious when adjusting costs to avoid misallocation.