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Job Cost Accounting The Right Way
Manage episode 390422228 series 3314227
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Most contractors want better cost information about their jobs. They need it timely, they need it accurate, and they need it relevant to managing their jobs properly. Unfortunately, many contractors struggle in this area. How do you get it set up right so that you get what you need? We're sharing our tips on this week's episode.
Topics we cover in this episode include:
- The main categories to consider in a job cost accounting system
- The benefits of job costing for your business
- Common headaches with setting up job costing and how to address them
- How job cost accounting helps you get bonds
- Common misconceptions about job costing
LINKS
Visit the episode page at https://carpentercpas.com/jobcostaccounting for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. Job Cost Accounting The Right Way (00:00:00)
2. The main categories to consider in a job cost accounting system (00:02:33)
3. The benefits of job costing for your business (00:06:41)
4. Common headaches with setting up job costing and how to address them (00:10:04)
5. How job cost accounting helps you get bonds (00:14:30)
6. Common misconceptions about job costing (00:17:58)
167 episodes
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