Job Cost Software

If you are looking to determine how profitable jobs will be and how profitable completed jobs have been, a job cost software module is a necessity. Job cost software enables a deeper understanding of which areas of your jobs are costing you money and which areas are your biggest earners. A job cost software module allows you to determine a job’s true cost before you begin the project and as it progresses. Find out about the variety of job cost options on the market and how they can benefit your business in this article.

Overwhelmed? We’ll help you find your ideal software solution, absolutely free!

Find out why thousands of businesses trust Software Connect to help narrow down thousands of options to a managable list of top recommendations. There’s no pressure, no obligation, and no cost. Sound good? Let’s get started!

“The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers.” — Bruce Conley

“Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service.” — Linda Vittori

“Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value!” — Mark Carpenter

What is Job Cost Software?

Job cost software facilitates the assignment of costs to individual cost categories in order to enable improved cost control and job profitability analysis.

Critical business benefits made possible with job cost software include:

Improved price setting for future jobs based on historical cost performance
Discovery of inefficiencies in the execution of job work allowing for process improvements resulting in improved job profitability
Decreased administrative costs related to the compilation of job cost reports as a result of using automated capabilities versus manual processes
Improved ability to target profitable job types

Key Features of Job Cost Software

Functionality	Definition
Labor costing	Labor costing features allow for the collection of costs associated with the time spent working on a job and can include time and attendance tracking and hourly labor rate assignments
Equipment costing	Equipment costing capabilities allow for the assignment of equipment rental or acquisition costs to specific jobs and include management for complex situations such as split job cost or direct/indirect cost divisions
Material costing	Material costing allows for tracking expenditures on supplies and other materials used in the execution of job work
Subcontractor costing	Subcontractor costing allows for the management of costs incurred through hiring subcontracted service providers
Customizable cost categories	Customizable cost categories allow for more granular specification of cost types than what can be provided through predefined cost categories
Job phase tracking	The ability to divide jobs into different phases enables another reporting dimension useful to improving visibility of where money was spent in the execution of more complex jobs
PO and customer payment tracking	The ability to reconcile customer purchase orders and payments to individual jobs enables better visibility for ensuring complete cost capture for incurred job costs
Inter-job profitability/expense reports	The ability to compare profitability between jobs can reveal important business insights about causes of cost over-runs or reveal info about the most profitable type of jobs to pursue

Tracking financials on a job basis

Job costing software is common in any business that needs to apply costs to jobs. A job simply refers to work performed on a project basis, as opposed to ongoing operations. Contractors are a good example of a type of business that would use job costing software. The type of costs job-tracking software tracks include: labor, overhead, materials, equipment, sub-contractors, and miscellaneous expenses.

Job cost software: Helping you select the most profitable jobs

It’s tempting to simply pursue the biggest jobs. But these jobs are not always the ones that allow you to make money the most efficiently. Job costing identifies the most profitable parts of your business so you can pursue jobs that play to your strengths. Identifying the least profitable parts of your jobs shows you what you need to get better at, or potentially what work you’d be best served to leave to someone else.

Automated job tracking with job cost software

As the number and complexity of jobs increases, tracking revenue and costs by hand or through spreadsheets becomes tedious, expensive, and prone to errors. Job costing software ensures accounting accuracy. It also decreases the time you spend tracking costs.

Adam Bluemner is a Managing Editor at Software Connect. He and his colleagues have been helping businesses like yours find top job cost software options since 1996.

Popular Job Cost Software Products

Looking for great job cost software options? Below you can check out a list of the products most commonly considered by others searching for job cost software. The list on this page is based on many years of real software matches. But everyone’s needs are different. Browse for fits with your specific requirements or let us help you identify your top options.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.