STOP Losing Money on Jobs (Job Costing 101)
New on Overdrive
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7m 6s
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If you run a trades or contracting business and you're NOT job costing every single project, you are missing out on one of the most effective ways to boost profit.
In this video, we break down what job costing is, why it’s crucial to your profitability, and how to do it properly (even if you've never done it before). You’ll learn how to compare estimated vs actual costs, track gross profit per job, and use the data to make better business decisions.
We’ll show you how to start job costing in three steps:
1) Collect the right numbers
2) Input them into a job costing sheet
3) Use that data to make smarter decisions (and more money)
Whether you're using a spreadsheet or software like Buildertrend, Knowify, or QuickBooks, this video will help you stop guessing and start job costing like a pro.
00:00 - Intro
00:42 - What is Job Costing?
01:55 - Step 1: Collect Your Data
02:44 - Step 2: Put Your Data in a Job Costing Sheet
04:01 - Step 3: USE THE DATA
06:21 - Wrap Up and Free Job Costing Template
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