What is job costing?

Job costing is a phrase that gets bandied frequently, but often we’re asked to break it down and explain what it means and what the benefits are.

At its most basic job costing is the accurate recording and reporting of all the costs involved in a specific job or project. The benefit of job costing is that you can identify areas of the business that are making a profit or loss and everything in-between. This means you can perhaps increase the type of profitable jobs you undertake and either eliminate or modify those jobs that run at a loss.

Gaining greater visibility and insight into your costs at any time ensures your business has the agility required to capably respond to customer needs for your products and services before your competitors. If you’re looking to ensure that your business is the most competitively positioned it can be, Greentree job cost can help.

Greentree’s Job Costing software suite allows you to measure all costs incurred against a project, and to accumulate and invoice these costs periodically. Nothing is missed. You can assess the status of all your Job Cost projects at any stage and determine the costs and revenue to date.

The Greentree Job Costing solution has two key elements:

Job Cost quickly and accurately calculates and allocates costs time, resources, materials, purchases and people to jobs and projects.

Advanced Job Cost enhances your job costing processing further including additional functions to provide expanded levels of control for project costs, revenue and accountability.