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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Project Accounting Vs ...
Microsoft Dynamics GP (Archived)

Project Accounting Vs Job Costing

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Posted on by Community Member Microsoft Employee

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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  • Sean Bredin Profile Picture
    Sean Bredin 5 on at
    RE: Project Accounting Vs Job Costing

    you need to key2act or formerly Wennsoft

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: Re: Project Accounting Vs Job Costing

     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.

  • Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at
    Re: Project Accounting Vs Job Costing

    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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