15. Job Receipt

+ Transcript

Finished items are received to inventory in the Job Receipts screen, here on the Jobs menu.

Select the job from the lookup. Click the Pre-Fill button. The Receipt Qty is pre-filled with the remaining quantity. The Unit Cost that updates the item’s Inventory Cost includes material, labor, overhead, and subcontract service costs and can be the actual job cost or estimated job cost, depending on your Job Cost Basis system setting. Clock the Update button.

Let's now receive a finished item that is flagged for serial control. Down here in the lower panel, click the button in the Receipt Qty field. This launches the Serialized Receipt screen Enter the Receipt Qty. Here we see the next serial number. Click OK. The program automatically assigns a set of serial numbers. Click the Update button to process the transaction.

Let's now print receipt labels to properly label the serial numbers. Click the Batch History button. Select the receipt batch in the upper grid.

From a manufacturing efficiency standpoint, the primary purpose for job receipt costing is to insure that labor, overhead, and subcontract service costs are absorbed into the inventory cost of finished items to provide accurate job costing and cost of goods sold. See the efficiency video following this demo for a conceptual overview of this essential process.