Job costing excellence is at the core of high-performing construction companies. Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors rely on to steer the financial success of their businesses.
In this Construction Accounting University class, you will learn:
- What job costing is and why it’s beneficial to contractors
- The different types of costs and their role in job costing
- How to track and apply equipment costs to job costing
- Key job cost reports (e.g. WIP) that serve as scorecards for each job and your business overall
