Online Exclusive: Accounting Basics for Small Contractors — Job Costing

Proper job costing includes all costs associated with a job They include materials, labor, permits, subcontractors, equipment rentals and overhead costs applied to the job How do we allocate the proper amount to the job? Single-source overhead allocation Dual-source overhead allocation I am a strong supporter of job costing every job your company does

One of the most common financial issues I find contractors dealing with is properly determining what it costs them to be in business. Without that proper financial foundation, any pricing calculated from it will be a shaky structure at best. We’re not going to talk about proper pricing in this column. We’ll set that aside for another time. Let’s focus on proper job costing.

If you’re not job costing your work, how do you know if you’re making any money or

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