Job Work In/Out
The Job Work feature supports operations for the business that outsources a 'job' as well as businesses such as ancillary units that accept such orders. The functionality helps solve issues related to inventory tracking and profit assessment, for seamless operations. What raw materials need to be shipped to the job worker? How many finished goods are expected and when? How much raw material is lying in the job worker's factory? How to manage multiple job workers...
In addition, Job Work in Tally.ERP 9 allows: |
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1. Multiple order tracking
2. MI (Material In) matched against Work Orders and not Item Masters
3. Value tracking including advance payments
4. Item tracking and Accounting legs of each transaction
5. Billing of own material utilised for Job Order undertaken
6. Tracking of billable item status (material utilised for a Job Order and their billing status)
7. Position of finished goods hence realiseable money value
Tally.ERP 9 Job Work feature allows Inventory tracking against Bill of Materials and allows transaction Bill of Materials instead of changing it at Item Masters level. It adjusts for external godown conditions when items sit in a job worker's factory, providing insights to the stocks held by the business at a particular time. Similarly, material received from the principal to the job worker can be classified in an Internal Job Work Godown which will not be available for trading therefore giving clear distinction of self-owned goods and the ones supplied by client. In a situation where advance payments have been made, the Work Order-wise reports provide a profit/loss dimension showing how much expense is booked. Inventory movement as well as profits can be ascertained on these transactions by allocating expenses such as travel of executives, shipping, insurance, salary and other overheads related to the Work Order.
Benefits:
• Real time insight into materials movement and tracking
• Accurate job costing
• Suitable for different complexities... small job worker to larger operations
• Supports accounting allocation (expenses/income)
• Improved productivity and profitability
• Auto fill of raw materials for execution
• Good for just in time inventory
• Enhanced logistics management and efficiencies |
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