Find Best Accounting Software for Construction Business | Cloud Accounting Software
A vital component to any construction accounting system is job cost — available from good construction accounting software and one that is fully integrated with other fundamental processes. What is Job Costing? Job cost in the cloud is a detailed accounting method used to track all facets of a job – labor , materials and overhead . It is also where projects can be tracked by phases and types. · Tracking of labor costs is all-inclusive in job costing and includes rate of pay, worker’s compensation, overtime, company taxes, payroll taxes, employee benefits and other expenses as they might apply. · Materials are generally categorized as direct or indirect. Concrete, steel, wiring, and wood are examples of direct and designated specifically for one job. Indirect are materials are more universal such as tape, fittings, gloves, etc. that can be used for numerous projects. · Direct overhead ,...