| Lennox Computer |
| Software Design Installation & Support |
| Unit 8, 121 Newmarket Road WINDSOR, QLD 4030 Phone: 07 3857 5588, Fax: 07 3857 6100 http://www.lennox.com.au eMail: sales@lennox.com.au |
| The Work In Progress
Ledger is incorporated
into Lennox Computer's
LILAC integrated ledger
system, such that debits
and credits to job costing
accounts may be sourced
from any part of the
system of integrated
ledgers: - Creditors Ledger for subcontractor costs, Purchasing for goods & materials costs, Stock Requisition from Inventory for parts & material costs, Payroll and/or Time-cost ledger for labour costs, and General Ledger for journal and accrued costs. |
| Full Transaction Accrual |
| Each account in the WIP Ledger represents a job in a contracting context and/or a batch in a manufacturing context. All costs are represented as debits to the account with balancing credits to other ledgers in the system, and of course reversals are possible by crediting the job account and re-debiting the "other account". For example parts and materials may be transferred backwards and forwards between the WIP ledger and the INVENTORY Ledger. |
| Flexible Coding |
| LILAC provides up to 12 character job numbers which may contain alphanumeric characters, and 8 character sub account codes which again may be alphanumeric. |
| Sub-codes |
| Users may opt for one of two alternative
strategies for managing sub-codes within job
accounts. A Work Centre regimen which
provides for a standard layout of sub-accounts for
all jobs, and a Work Centre concept which
allows total flexibility of sub-account structure
from job to job. The first approach is oriented towards manufacturing situations, whereas the second is appropriate for construction, contracting and fabrication situations. |
| Contract Administration |
| Original Contract sums, and details of variations are maintained in the data base, and a number of reporting functions are provided to relate contract values to budgeted and actual costs. |
| Budget Comparisons |
| Data entry, data base storage and comparison reporting enables the continuous overview and management of the progress of jobs. |
| Progress Claims & Automatic Cost Recovery |
| The software will generate and issue Progress Claim
documents which provide for a combinations of
summaries of pervious claims, variations, and textual
description of the progress of contracts. The debtors
ledger is used to manage claims, and Goods and
Service tax is automatically computed and accounted
for. Cost of Sales postings are automatically generated, such that a dynamic Work in Progress balance, and Job Profitability picture is maintained. |
| Integrated Financial Reporting |
| As well as the specific job related reporting provided, the full gamut of integrated multi-period, multi-entity financial reporting is available within LILAC with fully automatic management of branch loan accounts, and financial year balancing. |