How to increase your bottom line with job costing, part 2

April 1st, 2020

Where does all the money go? Let’s examine two job costing methods. by Alexandre Renaud and Barbara Scull In part 1 of this two-part series on job costing, we reviewed accounting basics for tent rental companies, including a basic profit formula, fixed and variable costs, gross profit, contribution margin and break-even point. Understanding these concepts […]

Read More Edit

How to increase your bottom line with job costing, part 1

December 1st, 2019

Where does all the money go? Let’s start with some accounting basics. by Alexandre Renaud and Barbara Scull Job costing is the process of assigning costs to a specific job or project to determine if it will generate enough gross profit to cover expenses and contribute to net profit. While managers often engage in job […]

Read More Edit