Projects and Contracts

Objective - To facilitate accurate profit reporting for long term projects that require the analysis of costs and revenues at each section or level within the contract or project.

• The Value of SYSPRO Projects and Contracts
  • Highlights profitable areas within a job
  • Identifies profitable jobs within a contract
  • Compares real-time, actual, and committed costs assigned to a job
  • Shows real-time, realized, and projected profits
  • Provides comprehensive reporting for jobs that extend over a period of time
  • Job query provides drill-down to transaction detail
  • Query jobs in terms of sales, billings, COS and future expected costs
  • Maintains standard hierarchies
  • Provides view at job or contract level
  • Preview of reports to screen and e-mail capabilities
• Matching SYSPRO to Your Business
  • Assigns multiple jobs to a contract for tracking purposes
  • Estimates cost and revenue by levels or sections within a contract
  • Designates user-defined costing levels within a contract
  • Assigns unlimited numbers of heads to a contract
  • Assigns unlimited numbers of sections to a head
  • Assigns unlimited numbers of sections to subsections
  • Describes the costing hierarchy at the time of creating the job or estimate
  • Reduces processing time by recalling standard costing hierarchies for similar items that are manufactured
  • Attaches purchase order lines to the costing hierarchy
  • Attaches all material issues and labor transactions to the costing hierarchy
  • Recognizes revenue through Sales Orders & Invoicing based on the costing hierarchy
  • Provides adjustment of billing values between heads and sections
• Audit Trails and Reporting
  • Contract and job progress reports
  • Job transaction detail report
  • Estimate detail reports
  • All audit trails available to Work in Progress reports integrate with Projects and Contracts
  • Graphical analysis of hierarchy costs per contract and per job
• Integration
  • Integrates with the Work in Progress, Quotations & Estimating, Sales Orders & Invoicing, Accounts Receivable, Accounts Payable, Inventory Control, Purchase Orders and Cash Book modules