Forum Discussion

Verdant's avatar
Verdant
Experienced User
5 months ago

Tracking time & travel costs by Job

Hi all,

Does anyone know how I could set up something like a billable hours cost and travel costs per job in MYOB?

 

We don't actually charge clients by the hour or for travel (those costs are built into our pricing), but I need to start tracking the cost of those items on a per-job basis. That way, when I run a Job Profit & Loss report, I can see the true cost of the job & not just the componentry costs, but also the other direct costs that go into it.

 

Currently, wages, vehicle, and mileage costs are all coded as overheads, as that is the simplest approach for GST and end of year financial reporting.

 

Would this be best handled via a journal entry against each job, or is there a better way to capture these costs in MYOB? Thanks in advance!

2 Replies

  • Shella_A's avatar
    Shella_A
    MYOB Moderator
    5 months ago

    Hi Verdant,

     

    You can definitely track those costs by job in MYOB it’s all doable, whether it’s through job codes, journals, or other settings. Each business can manage this a bit differently depending on how your finances are set up, though. For the nitty gritty and to make sure you’re covering all the bases (especially with GST and reporting), it’s best to have a chat with your accountant. They’ll help you get it sorted in the way that works best for you.

     

     

     

    Cheers,

    Shella

  • Verdant's avatar
    Verdant
    Experienced User
    5 months ago

    Thanks. I will chat to my accountant, but they aren't as familiar with all the ins and out of Account Right. Interested to hear from others here who may have some suggestions on how to go about doing this.