Job Costing: 7 tips to make it easier

▤ Summary

Job costs are the lifeblood of your construction business and accurately estimating them will determine if a project will make money. The trick is making it easy for them to flag the job name or number so that the person entering the invoice, credit card or debit card charge into the computerized accounting system can follow the process of assigning the proper cost code. Making job information readily available to the bookkeeping staff is the best way to counteract this tendency for misinformation to cloud your reports. An effective system helps ensure that no invoice will come to your office without a job identified on it. For example, general ledger expense codes typically start with the 5,000 series of account numbers.

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