Project Accounting Vs Job Costing

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Our company needs a way to start tracking costs of projects. We already have the Project Accounting module (not enabled) available.

I know there's also the Job Costing module, which we would need to purchase additionally.

Can anyone give me the benefits/drawbacks of each? Our projects are not massive, they will be managed by just a couple people. Basically we want to add some purchase- and manufacturing orders and tally up the total cost of the project at the end.

Also, what is the best way to go about implementing project accounting. Is there any training or books available that any of you recommend?

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Frank Hamelly | MVP... 46,625 Super User 2025 Season 2 on at

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How do we state this succinctly? Project Accounting is a full-blown project accounting application which allows for very detailed cost capture, various modes of revenue recognition and billing. PA transactions are tagged with the Project ID prior to posting.

Job Costing is a more simplistic tool used for tagging job cost elements after the transactions have been posted.

That said, PA is a couple of order of magnitudes higher in complexity in both setup and transaction processing. If your projects are relatively simple and all you want to do is tag some purchase and manufacturing transactions, then Job Costing would be the favored tool.

The best way to implement PA is to drag out the manuals and go through them step-by-step. Use the printable manuals in GP and get hold of a copy of the training manuals on Customer Source.

Hope this helps,

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Community Member on at

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Thanks, I have been reading some of the project accounting manuals. I also believe the complexity far exceeds what we need at the moment.
I will look for these training manuals, I wasn't aware of them.
Thanks again.

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Sean Bredin 5 on at

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you need to key2act or formerly Wennsoft

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