![]() ![]() But it can be used in other industries as well. ![]() Job costing is common in the construction industry to determine the profitability of large projects. It can also be a great tool to keep track of scope creep or poor performance. Often, job costing is used to benchmark and improve future quotations based on the historical performance of past work. For example, costs can include labour, materials or other direct costs and overhead. In its simplest form, job costing is the accumulation of costs tracked to a particular job to assist business owners in determining the profitability of a project. What is job costing and why is it important? We hope you enjoy our approach, but do feel welcome to make adjustments to the recipe to suit your own taste. Unlike our regular articles, this publication is written as a standard operating procedure on how to job cost using apps like QuickBooks Online, QuickBooks Time (previously TSheets) and Wagepoint. Just like a good chocolate chip cookie recipe, sometimes we need a step-by-step approach on how to do something - and just like there are many recipes for cookies, there are equally different recipes for job costing. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |