job costing
Per-project expense tracking
Job costing is an accounting method that tracks expenses for each individual project or order rather than averaging costs across all production.
It suits businesses where each job differs significantly—custom manufacturing, construction, film production: The contractor uses job costing to bid accurately on renovation projects.
Contrast with process costing, which works better for uniform, continuous production.
- fixed costsExpenses unchanged by output
- overhead costsOngoing operational expenses
- direct costsCosts traceable to production
- variable costsExpenses changing with output
- work-in-progressIncomplete but active endeavor
cost estimation · budgeting · work order · QuickBooks · construction projects · project manager · invoicing · cost control · consulting services · labor costs · labor hours · cost per unit · profit margin · time tracking · manufacturing jobs · custom work · event planning · resource allocation
- cost accountingcost analysis, cost center, cost centers, cost control, cost estimation
- construction accountingchange orders, percent complete, work in progress, project budgets, prevailing wage
- costing methods
- business accountingaccounts payable, accountant, accounts receivable, accounts, accrual