Hi everyone, I’m a newbie in this context and need some guidance on setting up subcontract cost tracking efficiently. We have set up a project with three WBS phases: MEP Works, Erection Works, and General Works, each mapped to specific GL controls.
Each WBS phase consists of four job operations: three subcontracted and one internal. Equipment Rental, Manpower Supply, Subcontracting Services, Vehicle Leasing.
Here’s the situation: With the current setup, I can identify subcontract values for each phase during PO receipts. We’ve got separate P&L accounts for each subcontract operation costs, but here’s the kicker — at the phase level, I can only map one subcontract account- yes this is the way how it is designed. So is there a better way to set this up and track each subcontract cost separately?
I’m familiar with the child phase setup, but that would create 12 jobs and turn material issuance and expense entry difficult.
Any clever ideas or “been there, done that” tips would be super appreciated!
Thanks in Advance,
Arun