FINANCIALS AND ACCOUNTING
JOBSCOPE manufacturing software Financials system and job cost accounting software is designed for Engineer To Order (ETO), Make to Order (MTO), Government Contractor, Job Shop and Maintenance Repair and Overhaul manufacturing companies. Functionality covers GAAP financials, job costing, Accounts Payable, Accounts Receivables. Fixed assets, general ledger, budgeting, cash flow analysis, order analysis, and allowing one to set up accounts, charge jobs, invoice customers, pay vendors, display job costs, and much more.
JOBSCOPE manufacturing ERP software provides ETO, MTO, and MRO manufacturers with a full featured accounting system to manage all aspects of their business. Within the Accounting system, JOBSCOPE offers the following modules: General Ledger, Job Cost Accounting, Accounts Receivable, Accounts Payable, and Order Analysis.
Keeping track of accounts receivable in a complex manufacturing operation can be an intimidating task. Concerning receivables, many requirements are essential. The credit history of any particular customer must be available for analysis, items on a job must be billed at the appropriate time (usually upon shipment), receipt of payments must be recorded and monitored according to the terms of each invoice, and reporting capabilities must be in place for obtaining all relevant invoice information in a variety of formats to suit any need.
The Accounts Receivable system of JOBSCOPE performs all these functions, and due to the comprehensive linkages with the Order Entry system, performs them without extensive data entry by the user. Subsystems within the Accounts Receivable system include Invoice Creation, Invoice Payment, Advance Deposits, Payment on Account, and Reporting.
Accounts payable operations necessitate the ability to identify the purchase order and items to which an invoice is related. Then we determine if differences exist between the price of an item on a purchase order and its price on an invoice We will establish the due date for an invoice based on its terms, take advantage of desired discounts when available, and select which invoices are to be paid at any particular time. All of this is with a clear definition of which bank account is to be used in paying an invoice, printing checks (or other payment forms), and reporting the status of both purchase orders and invoices.
The Accounts Payable system of JOBSCOPE covers all of these operations, and more, including an extensive series of reporting capabilities.
The General Ledger system could easily be considered the nucleus of the entire JOBSCOPE® system. In most instances, General Ledger files automatically receive data from operational transactions performed throughout the system. Although this information is stored in detail in the JOBSCOPE® databases, General Ledger consolidates it into debit and credit entries and posts the resulting entries to the appropriate accounts. This integration of the records and the update of account balances is virtually transparent to the user.
For example, when materials are issued from inventory to a job, both the work-in-process account for the job and the inventory asset account are affected. Because the applicable accounts have been previously defined through screens and tables, the system knows which accounts are involved when the issue takes place; the data entry person is not required to manually specify any account numbers when issuing the material.
The system writes records to make the appropriate entries to the accounts. Through options in the General Ledger, the records created by the material issue update the appropriate accounts so that the actual balances of the work-in-process account and the inventory asset account are changed. This process of automatically updating account balances works similarly for transactions throughout the JOBSCOPE® Financial system.
ERP software designed for job-based manufacturing companies across the US.
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