Actual Job Costing
Manufacturers of highly engineered or complex products demand true actual job costing. Encompix is not an item-based application, therefore you can buy, sell and ship items not pre-defined to an item master. Encompix collects actual material costs at the time the purchase order receipt is vouchered. Actual labor costs are collected as reported to the system. All job costs may be viewed individually, or collectively rolled up into a parent project.

Revenue Recognition
Companies who manufacture products with very long lead times may need the ability to recognize revenue based on the percentage of actual expenses incurred, rather than against shipment of the product(s) produced. The Encompix Revenue Recognition Reporting provides visibility by first calculating the percentage complete by comparing actual costs to budgeted costs. User defined thresholds are used to determine whether or not revenue can be recognized. If the percentage complete falls within the defined threshold, the allowable dollar value is automatically posted to the appropriate revenue account(s).

Progress Billing
Another key financial ingredient for To-Order manufacturers is the ability to invoice their customers based on contractual payment agreements or milestone completions. These payments help to offset the expenses associated with a long-term project, rather than waiting until the shipment is completed to generate an invoice.

Encompix supports flexible, user-defined progress billing and typically retains the accounting transaction in an unearned revenue account, waiting for either the revenue recognition transaction or for the shipment to occur.

Payroll and Human Resources
For Payroll and HR Encompix partners with Sage Abra and offers their ABRA Suite of products. ABRA is the leading payroll package for midsize companies. ABRA is fully integrated into the rest of Encompix in particular shop floor control and general ledger. Labor transactions are easily transferred to ABRA from shop floor bookings. ABRA calculates the total payroll and posts to the appropriate payroll account in the General Ledger.