All the details involved in your projects are gathered and set up to accumulate the labour, material, and overhead costs. This provides accurate determination of total cost at each stage as the job progresses.
Job costing is an important feedback system, so regular reports are prepared to confirm that costs are being recorded correctly, to monitor the progress of the project, and to determine when progress billings should be issued. Job costing records are essential information that’ll help you determine your quote for your next job. Accurate quotes on future jobs are based on previous job costing records.
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