Job Costing 

If your business works on projects for multiple customers, you may have heard of Job Costing. But what is it?

Have you ever wondered where all your money is going? It feels like you are invoicing a lot, yet the money is paying bills faster than what you’re invoicing.  Do you not know if you are making money on your jobs, or how to bill each job? Job costing answers all of these questions and more.

If this sounds like you, job costing may help!  Silver Star Bookkeeping can help you organize all your projects to track exactly what you are spending to ensure you are not just breaking even but also making money.

Organizing your expenses per job ensures that every penny is accounted for. If you quoted a specific task for a job you are on, you are able to track if you went over budget or not. This gives you a chance to revise your job quote to your customer.

Job Costing does not just help you cover all the expenses you are paying for upfront on your project. It helps ensure you’re making a profit on top of those job expenses. Who doesn’t want to make sure they are doing more than just breaking even?

This also helps for budgeting! By having a solid quote with a budget, you can job cost against the budget to know what you have left to spend vs. what you have already spent. This helps your business, and your customers will appreciate you for staying in budget!