With the economy slowly improving in the UK many manufacturers and engineering firms are seeing growth but now face a highly competitive price led war to win new business contracts.
Therefore managing the costs of your business has become more relevant than ever when preparing a quote for a customer. Knowing the true cost of labour and materials for every individually element of a job process can help you to quote more accurately. At the same time you can see where improvements can be made across the company and act on them immediately.
An effective Job Costing System such as CaptureIT not only provides real time data and budget costs, it provides comprehensive budgetary management reports in both in time and cost with managers being notified automatically by email when a task goes over budget.
All jobs entered onto the system have the costs associated to them and an set time allocated for each individual element of that job. Employees can clock on and off an unlimited number of jobs and thus create an overall picture of the amount of time and money it took to produce your customers’ job.
The time each employee spends on each job or task is stored in the master job record and also against that employee on their daily work record. Employees are allocated a set hourly rate which is recorded against their jobs. There hours can then be transferred automatically to your payroll software which in turn drastically reduces manual input and human error.
The cost of installing a job costing system is easily off set against the improvements that will be made in streamlining every day jobs, recording accurate job data and automating the payroll process.
For a demonstration of CaptureIT’s capabilities please;
Call 0800 288 8632 or
Visit http://www.time-attendance.co.uk/
Therefore managing the costs of your business has become more relevant than ever when preparing a quote for a customer. Knowing the true cost of labour and materials for every individually element of a job process can help you to quote more accurately. At the same time you can see where improvements can be made across the company and act on them immediately.
An effective Job Costing System such as CaptureIT not only provides real time data and budget costs, it provides comprehensive budgetary management reports in both in time and cost with managers being notified automatically by email when a task goes over budget.
All jobs entered onto the system have the costs associated to them and an set time allocated for each individual element of that job. Employees can clock on and off an unlimited number of jobs and thus create an overall picture of the amount of time and money it took to produce your customers’ job.
The time each employee spends on each job or task is stored in the master job record and also against that employee on their daily work record. Employees are allocated a set hourly rate which is recorded against their jobs. There hours can then be transferred automatically to your payroll software which in turn drastically reduces manual input and human error.
The cost of installing a job costing system is easily off set against the improvements that will be made in streamlining every day jobs, recording accurate job data and automating the payroll process.
For a demonstration of CaptureIT’s capabilities please;
Call 0800 288 8632 or
Visit http://www.time-attendance.co.uk/
