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How to Use QuickBooks Job Cost Features to Achieve Your Gross Profit Goals

QuickBooks is designed to help you to plan, measure, and monitor company and job results. You can even use QuickBooks Job – Cost Features to Achieve Your Gross Profit Goals! Use its management reporting tools to immediately SEE operating and financial results. Proactively correct problems – before they spin out of control – so that …

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5 Ways to Use Job Costing To Increase Your Gross Profits

Taking action to use a job costying system can increase your gross profits

Did you know that job costing can create an epic increase in your gross profits? Are you a business owner or financial manager who wonders if it’s worth your time to implement an internal job costing system? If so, you might be asking yourself… Why should I care about job costing? Why not just assign …

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The Many Faces of Construction Job Costing

happy with job costing system

Income minus expenses equals gross profit. Your gross profit is the amount you use to run your company and create profits. Job-costing is how you can track the income and the costs you incur to perform each of your jobs. It’s how you get to see the gross profit you earn on each of your projects. Your perception of what you want to see from a job-costing system may be very different than another business owner’s concepts. Why? Because there is no single prescription that fits everyone’s needs.

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Labor Costs Profit Tip #4: How You Can Stop Over-Runs in Labor Costs

Labor Costs Are a Risky Part of Your Business. Make an Immediate Impact on Your Bottom Line by Heading off Costly Labor Over-runs Before They Get Out of Hand. 7 WAYS TO USE YOUR INFORMATION TO PREVENT LABOR COST OVER-RUNS Know and use your true, fully burdened labor costs when estimating. Increase estimating accuracy by using costs …

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QuickBooks Items: The Secret to Job-Costing with QuickBooks

This post about QuickBooks’ Items is based on our more extensive training video of the same title that’s included in our Construction Accounting & Management Program (CAMP). Why are QuickBooks’ Items Especially Important for Construction Companies? QuickBooks’ Items let you track, and report on, the financial detail underlying what’s REALLY going on within the financial …

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5 Ways To Make Your Construction Business More Profitable With QuickBooks

COGS in the business machine

Finding clients and providing products and services – that’s just the beginning! Here’s how to be more profitable with QuickBooks… Successfully managing your own company means that you need to get profitable – and stay that way. Unfortunately, many business owners don’t realize how their day-to-day financial info impacts their profits. To achieve consistent profitability, …

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A Tale of 4 Companies: A Job Cost & Gross Profit Drama (Part V)

Investigate unusual numbers to track down problems

If you haven’t already read them, you’ll probably want to visit Part I, Part II, Part III, and Part IV of this “Tale of 4 Companies: A Job Cost & Gross Profit Drama” before beginning the following “Part V.” We’re joining Paul (owner of Paul’s Perfect Projects LLC), Walt (Production Supervisor at Paul’s), Jenn (Estimator …

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Manufacturing Overhead: How to Calculate Labor Cost by Job

To calculate Manufacturing Overhead by Job, be sure to include these labor costs Manufacturing direct labor costs vs. manufacturing overhead labor:  what’s the difference?  And which should you include in your costing and pricing models? Direct production costs obviously include costs of inventory utilized, special-order materials, production facilities, high-dollar equipment usage, contracted services from outside …

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How To Calculate Your Gross Profit Margin and Net Profit Margin

Every business owner needs to know how to calculate their gross profit margin (%) and net profit margin (%). After all, it’s what shows you how much profit you’re making! As a business owner or bookkeeper, the most important numbers you’ll ever need to know may very well be your profit margins. There are two …

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