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 […]

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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 […]

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North America rental revenue expected to exceed $71 billion in 2023

September 3rd, 2019

The new five-year forecast from the American Rental Association (ARA), Moline, Ill., updated in August calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada. The latest forecast is ARA’s first to project rental revenue for 2023. […]

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