An effective job costing system helps construction managers and business owners be more successful and profitable. It is also a critical tool for identifying and controlling risk. Principles of Job Costing provides insight into improving your company’s job costing system.
Properly set up and managed, a job-cost management system will help make a company more profitable with less risk and the ability to grow and manage larger projects.
The updated book includes chapters on system set-up considerations, the estimating system, converting the estimate into an operating budget, progress reporting, change control, work in progress, and cash-flow forecasting. Appendixes include useful samples of general ledger structure, cost code structure, an estimating turnover checklist, sample accounts receivables escalation process, and a 12-week look-ahead projection on cash.