An ISO 9001:2008 & ISO 270001:2005 Organization

Job Costing , Outsource Financial Services

JOB COSTING

JOB COSTING

Job costing is the process of tracking the expenses incurred on a job against the revenue produced by that job. Job costing is an important tool for those who are pairing a relatively high dollar volume per customer with a relatively low number of customers. For example, building contractors, subcontractors, architects and consultants often use job costing, whereas a hardware store or convenience store would not use job costing.

 

We assist clients in following activities:

  1. Setting up of jobs
  2. Creating estimates for new jobs
  3. Allocating various costs such as material, labor and overhead against the jobs.
  4. Ensuring that all costs are invoiced to customer.
  5. Producing reports showing details of costs and revenues by job, estimated versus actual cost report etc.
  6. Analysis of various reports to look for the variances which can be used to bid more accurately for future jobs.
  7. Identifying most and least profitable areas of your business by using job cost reports.