Track your project’s financial health with job costing software

By Dani Sheehan. 

With customized detail, FOUNDATION® construction accounting software tracks the actual costs and progress of all job activities against estimates and past performance to help you zero in on your profit margins. 

Job costing is the practice of tracking all expenses and labor associated with a specific project so you can quickly and easily compare actual costs against estimates. By knowing exactly where your resources are going, you can ensure profitability, provide insights into cost overruns and improve your estimates on future projects. Without proper job costing, it’s easy to lose sight of your budget and miss opportunities to streamline your operations. 

With FOUNDATION’s Job Cost Module, you stay in control of every financial aspect of your projects thanks to its detailed budgeting capabilities, robust reporting tools and change order management. 

1 – Budget functionalities 

FOUNDATION makes it easy to create detailed budgets tailored to your company’s specific cost structure.  

This software allows you to import data from spreadsheets or another construction estimating software to reduce manual entry, saving you time and minimizing errors. You can also copy and modify budgets from previous projects, allowing for quick adjustments or refinements to improve your workflow. 

2 – Robust job cost tracking and reporting 

Powered by Microsoft® SQL Server®, FOUNDATION’s reporting tools give you real-time visibility into your project’s cash flow and overhead allocation and can quickly generate production reports.  

Choose any date range and instantly compare estimated versus actual costs and labor to help you make informed decisions quickly. With automated alerts, you’ll see cost and labor overruns before they cause major setbacks. 

3 – Change order management 

Change orders are inevitable in construction but managing them doesn’t have to be stressful. 

FOUNDATION allows you to seamlessly track, report and approve change orders without causing disruptions to the original budget or contract. Toggle between pending, internal and estimate change orders so you have a clear understanding of how the changes will affect your bottom line. 

With FOUNDATION, you can have confidence that your projects will be on budget and on track every step of the way. Take the step to better job costing today – learn more about its key features and download a sample job costing report book to see for yourself.