{"id":29051,"date":"2020-11-30T15:28:39","date_gmt":"2020-11-30T15:28:39","guid":{"rendered":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=29051"},"modified":"2024-05-07T09:42:23","modified_gmt":"2024-05-07T09:42:23","slug":"project-job-costing-project-type-selection-in-contract-maintenance","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2020\/11\/30\/project-job-costing-project-type-selection-in-contract-maintenance\/","title":{"rendered":"Project Job Costing \u2013 Project Type selection in Contract Maintenance"},"content":{"rendered":"\n<p>In our recent blog we have discussed about the \u2018Project Style\u2019 selection in the contract maintenance. In this blog we are going to discuss about one more option i.e. \u2018Project Type\u2019 though the terms sounds similar they both have their specific meaning.<\/p>\n\n\n\n<p><strong>New Stuff:\u00a0<\/strong><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2020\/11\/30\/project-job-costing-accounting-methods\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project Job Costing \u2013 Accounting Methods<\/a><\/p>\n\n\n\n<p>As we know that the project style defines that up to what level the project efforts will be considered for cost calculation the \u2018Project Type\u2019 defines exactly when and how this cost will be calculated for one project in a Contract.<\/p>\n\n\n\n<p><strong><u>Navigation for the setting:<\/u><\/strong><\/p>\n\n\n\n<p>You can navigate to the \u2018Contract Maintenance\u2019 screen as Project and Job Costing\u00e0 PJC Transactions \u00e0 Contract Maintenance.<\/p>\n\n\n\n<p>You can find the option for setting Project Type on the contract maintenance screen while adding new Project to the contract:<\/p>\n\n\n\n<center><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2020\/11\/1_ProjectType_Navigate.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" class=\"size-full\" style=\"border: 1px solid #A9A9A9; padding: 2px; margin: 2px;\nalign: center;\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2020\/11\/1_ProjectType_Navigate.jpg\" alt=\"PJC Contract maintenance\"><\/a><\/center>\n\n\n\n<p>Actually, Project type can be set when creating project using PJC Setup \u00e0 PJC- Projects screen.<\/p>\n\n\n\n<p>Whatever, may be the Project Type set on this master screen will be set as default while adding this project to \u2018PJC Contract\u2019. Also user can change the same for that particular contract.<\/p>\n\n\n\n<p>As you can see in the screenshot above we can have 3 types available for \u2018Project Type\u2019. Also the project type allows only specific \u2018Accounting methods\u2019 that can be applied to calculate cost. Please find the implementation of each project type and allowed accounting methods in each case as explained below:<\/p>\n\n\n\n<ul class=\"wp-block-list\" type=\"1\"><li><strong><u>Time and Material<\/u><\/strong> :Invoices for this type of project list all billable transactions.<\/li><li>No-charge transactions appear as additional information on billing worksheets.<\/li><li>User can set Completed Project, Accrual-Basis, or Billings and Costs as the accounting method for time and materials projects.<\/li><li><strong><u>Fixed Price : <\/u><\/strong><\/li><li>Invoices for this type of project show either the full price or a portion of the price of the project, depending on the accounting method you choose.<\/li><li>User can select Accrual-Basis, Billings and Costs, Completed Project, or Project Percentage Complete as the accounting method.<\/li><li>For fixed price projects that use the accrual-basis or billings and costs accounting method, user can set the A\/R invoice type (Item or Summary), according to your needs.<\/li><li><strong><u>Cost Plus :<\/u><\/strong><\/li><li>Invoices for this type of project are based on actual project costs plus a percentage of those costs that you bill as profit.<\/li><li>User can specify Completed Project, Total Cost Percentage Complete, Labour Hours Percentage Complete, Category Percentage Complete, Billings and Costs, or Accrual-Basis as the accounting method for this project type.<\/li><\/ul>\n\n\n\n<p>Notes: The project type also affects how you set the billing type for projects and categories which you are going to assign to the Contract.<\/p>\n\n\n\n<p><span style=\"font-size: Medium;\"><strong>About Us<\/strong><\/span><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.greytrix.com\/\" target=\"_blank\">Greytrix<\/a>&nbsp;&#8211; a globally recognized and one of the oldest Sage Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation competence.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.greytrix.com\/\">Greytrix<\/a>&nbsp;offers unique GUMU&#x2122; integrated solutions of&nbsp;&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-crm\/gumu-sage-300-erp-integration\">Sage 300 with Sage CRM,<\/a>&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp\/gumu-300-salesforce-integration\">Salesforce.com<\/a>, Dynamics 365 CRM and&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp\/ecommerce-magento-integration\">Magento eCommerce<\/a>&nbsp;along with Sage 300 Migration from&nbsp;<a href=\"https:\/\/www.greytrix.com\/resources\/sage-erp-crm-migration.pdf\">Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works<\/a>. We also offer best-in-class&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/erp-development\/sage-300-erp-development\">Sage 300 customization and development services<\/a>&nbsp;and integration services for applications such as&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/erp-development\/sage-300-integration-services\">POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP<\/a>&nbsp;and for Sage 300c development services we offer, upgrades of older codes and screens to new web screens, latest integrations using sData and web services &nbsp;to Sage business partners, end users and Sage PSG worldwide. Greytrix offers 20+ addons for Sage 300 to enhance productivity such as&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/greymatrix-apparel-solution\">GreyMatrix<\/a>,&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/greytrix-document-attachement\">Document Attachment<\/a>,&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/greytrix-document-numbering\">Document Numbering<\/a>,&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/auto-bank-reconciliation\">Auto-Bank Reconciliation<\/a>,&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/purchase-approval-system\">Purchase Approval System<\/a>,&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/three-way-po-matching\">Three way PO matching<\/a>,&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/bill-of-lading\">Bill of Lading<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/vat-middle-east\">VAT for Middle East<\/a>. The GUMU&#x2122; integration for Dynamics 365 CRM \u2013 Sage ERP is listed on Microsoft Appsource with easy implementation package.<\/p>\n\n\n\n<p>For more details on Sage 300 and Sage 300c Services, please\ncontact us at&nbsp;<a href=\"mailto:accpac@greytrix.com\">accpac@greytrix.com<\/a>,\nWe will like to hear from you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our recent blog we have discussed about the \u2018Project Style\u2019 selection in the contract maintenance. In this blog we are going to discuss about one more option i.e. \u2018Project Type\u2019 though the terms sounds similar they both have their specific meaning. New Stuff:\u00a0Project Job Costing \u2013 Accounting Methods As we know that the project\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2020\/11\/30\/project-job-costing-project-type-selection-in-contract-maintenance\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[424,529,3544,2057,2061,3545,2357,2424],"class_list":["post-29051","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-categories","tag-contract","tag-cost-calculations","tag-project-and-job-costing","tag-projects","tag-resource-tracking","tag-sage-300-erp","tag-sage-300-web-screens"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Choosing Project Type in Contract Maintenance.<\/title>\n<meta name=\"description\" content=\"Explore one more option, which is Project Type. 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