Client Request:
“We require an effective system to calculate costs for labor based on tracked time, integrate these costs seamlessly into our general ledger, and create project-specific budgets to manage expenses and labor costs accurately. Can you provide a solution to address these requirements?”
Solution:
Feature: JOB COSTING AND PROJECT BUDGETING
NetSuite’s Job Costing and Project Budgeting feature effectively addresses these needs. By utilizing this feature, you can accurately calculate labor costs based on tracked time, ensuring precise cost allocation and financial transparency. These costs are seamlessly integrated into the general ledger, providing a clear financial record.
Furthermore, you can create project-specific budgets, covering both expenses and labor costs, enabling you to manage your projects with greater financial precision. With this solution, you can enhance your cost management, budgeting, and financial transparency, streamlining your project management processes with confidence.
Navigation:
To enable NetSuite’s Job Costing and Project Budgeting feature, Go to
Setup -> Company -> Enable Features -> General tab -> JOB COSTING AND PROJECT BUDGETING
