Direct Job Costs
Track materials, subcontractors, permits, rentals, travel, and other costs that belong to a specific job or project.
Know what each job is costing, what it is earning, and where profit is being lost before the project closes.
A business can stay busy and still lose money on individual jobs. Job costing connects the general ledger to the work being performed so labor, materials, subcontractors, equipment, billing, and project timing can be evaluated together instead of disappearing inside broad expense accounts.
Track materials, subcontractors, permits, rentals, travel, and other costs that belong to a specific job or project.
Separate payroll, burdened labor, and subcontractor costs so the true cost of completing the work is visible.
Distinguish job materials, small tools, rented equipment, owned equipment, and other project-related costs consistently.
Keep costs associated with work in progress organized when projects span reporting periods or when revenue and cost recognition do not occur at the same time.
Connect estimates, approved changes, progress billing, deposits, retainage, and collections to the jobs that generated them.
Compare contract or sales value with the full cost of the work so completed jobs provide useful information for pricing and future estimates.
Project accounting is more than tagging transactions to a customer name. Depending on the facts, a cost may belong in current-period expense, inventory or work in process, a fixed asset, or another balance-sheet account.
KDW helps organize the accounting so project reporting is useful to management and the underlying records are better prepared for financial reporting and tax treatment.
This service is especially useful when revenue and cost are generated job by job, project by project, or property by property.
We can help structure job and project accounting so your books support pricing, profitability analysis, tax readiness, and better decisions.
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