Tracking Labor and Material for Job Costs Reporting
I am looking for the best method for tracking Labor and Material costs for Job Costs reporting. I work in contracting and have categories set up for the various work (Plumbing, Roofing, etc.) but am struggling with the best way to track what expenses are materials versus what is labor. I would like to be able to track materials for the individual categories and not just dump them all in a catch-all materials expense. Is the best method creating sub-categories for each main one, or is there a more streamlined method out there?
I’d also recommend working with your accountant for additional guidance. They can provide you with some advice on other methods in tracking your labor and job costs. If you’re not affiliated with one, you can visit our ProAdvisor page and look for you from there.
Moreover, I’m adding these links that you can read for guidance in managing your reports and tracking your job costs: