Linking Job Costs to the General Ledger and Reconciliation in Jobpac

Overview

Jobpac links project costs and revenue to the general ledger so that your project reports and profit and loss statements tell the same story. This article explains the main linking methods and how they support reconciliation between job costing and financial reporting.

How Jobpac links job costs to the general ledger

Every cost recorded on a job ultimately updates a general ledger account. This is controlled through job setup and general ledger link tables.

• Linking at cost type level
• Linking at cost centre level

Linking methods

Choosing a linking method

• Complexity — cost type linking is simpler
• Reporting — cost centre gives more detail
• Consistency — cost type enforces standardisation

How costs flow into profit and loss

• All direct costs should have a job number
• All revenue should also carry a job reference
• GL accounts should be clearly defined for job-related postings

Reconciliation

• Review job cost, revenue and margin by project
• Compare job costs to GL expense accounts
• Compare job revenue to GL income accounts

Contract valuation and forecasting processes support reconciliation by aligning project-level reporting with the general ledger.

Good practices

• Always use job numbers for project-related transactions
• Control GL account usage for job costs
• Review link setups regularly
• Perform structured period-end checks

Training and eLearning

Build your understanding of GL linking and reconciliation through these resources.

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