Job costing is the process of tracking expenses against specific projects so you know exactly where your money goes. For contractors juggling multiple jobs at once, getting this right is the difference between profitability and guesswork.
The first step is establishing a consistent system for cost codes. Whether you use a simple spreadsheet or a full accounting platform, every transaction should be tagged with the project it belongs to.
Receipts play a central role in accurate job costing. Without them, expenses get lumped into general overhead instead of being attributed to the right job. This distorts your profit margins and makes it harder to bid future work accurately.
Automating the receipt-to-cost-code workflow is where modern tools shine. When a field purchase is made, the receipt can be captured, matched to the transaction, and assigned to the correct job code without manual data entry.