Few concrete contractors know how to track job costs effectively. Very few. The reason few do is very simple: job costing is extremely difficult to get right. Would you like to learn how to do it ...

The request I receive most from contractors is "tell me how to job cost." Why don't they ask me to do something simple, you know, like solving world hunger. Job costing systems are very, very ...

Accurate time tracking is critical to managing labor costs in order to achieve profitability for construction businesses, separating successful businesses from the rest of the pack. If labor costs ...

Knowing costs is the price of admission to the construction industry. We simply cannot survive if we do not know, or are not able to estimate, the cost of the work and the cost of the resources used.

Job costing can be described simply as charging each job or each phase code for the resources they used to produce work, and crediting the job or job-phase code with the budgeted value of the work ...

A process costing system is a technique used within the manufacturing industry to determine the total production cost of a unit of merchandise. It is particularly used in environments where production ...

The term "SG & A expenses" refers to selling, general, and administrative costs related directly to creating items for sale, and getting customers to buy those items. A business using the job order ...

The Institute of Management Accountants has released a new report explaining how accountants can improve their organization’s costing models, tools and information to support better decision making.