Putting the real labour, materials and expenses of a finished job against what you charged for it, so you know what that job made. It is the only way to find out which kinds of work are worth having, and it usually surprises people: the big jobs are often thinner than the small ones, and one customer is often carrying a loss nobody had noticed.
In FieldQuo — Job costing
Job costing in FieldQuo compares labour, materials and expenses against the quoted price for each job.
Related terms
- MarginWhat is left of the price once the cost of doing the work is taken out, given as a percentage of the price.
- Labour burdenThe true cost of an hour of somebody's time, which is their wage plus everything you pay because they are on your payroll.
- Material costWhat the stuff on the job actually costs you, as opposed to what it cost the last time you bought it.
- Time and materialsCharging for the hours worked and the materials used, plus an agreed markup, instead of a fixed price.
More in pricing, cost and profit
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