Job cost tracking is an extremely important part of every contractor’s business. Job costing tracks the expenses for a job, and then allows you to compare those expenses to the jobs revenue. This tells you which jobs are making money and which jobs are not.
By using QuickBooks built-in job costing tools you can easily see exactly how much money you are spending on each of your jobs.
Job costing within QuickBooks can also help you estimate future jobs more accurately. Estimating id one of the most important – and most difficult – part of running your construction business. And unless you have the ability to compare your actual costs to your estimated costs after the job has been completed, you will have no way of knowing if your estimating formula is accurate and no way of being able to improve your estimating skill in the future. Using built-in QuickBooks Job Costing Reports will allow you to gain valuable information about your actual job revenue.
This article provides tips for using QuickBooks job costing capabilities to it’s fullest.
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