Increase your efficiency
December 1st, 2021
No business owner wants to waste time and money, have frustrated employees, and risk customer relationships with mistakes and delays. But these things happen when businesses operate less efficiently than they could. Sometimes this happens by default—for example, when managers and employees fail to actively look for better ways of doing things. Inefficiencies also result […]
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 […]
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 […]
Basics of job costing
August 1st, 2017
Unlock your company’s growth potential by knowing the basics of job costing. The growth of the tent and event industry is truly inspiring. I’m in awe at some of the projects that get bigger and flashier as time has gone by. Not only is this a good thing—it’s a GREAT thing, as long as we […]