Job costing is a form of specific order costing, which applies to a job undertaken according to customer requirements and specifications. Tally.ERP 9 enables the tracking of cost and revenue information down to the smallest detail. With a view to ascertaining the actual costs incurred for each job, each job is assigned a job number or Job name. Job costing systems then accumulate costs separately for each product or service, based on the jobs undertaken, for each product or service.
Reorder Level signifies the quantity of a Stock Item in hand, after reaching which you must place orders for your supplies. The importance of Reorder Level arises from the need to have sufficient stocks to service customerorders and, at the same time, not to unnecessarily accumulate stock.
POS is an acronym for Point of Sale. Point of Sale could mean a retail shop, a check-out counter in a shop or any other location, where a sales transaction takes place. The various POS equipment used in retail outlets are Cash registers, card readers and barcode scanners.