Job costing and labour analysis software applications are vital for project management and profitability analysis, as they enable a deeper understanding of which areas of your jobs are costing you money and which areas are your biggest earners.
Job costing software is common in any business that needs to apply costs to jobs. A job simply refers to work performed on a project basis, as opposed to ongoing operations.
Contractors are a good example of a type of business that would use job costing software. The type of costs job-tracking software tracks include: labor, overhead, materials, equipment, sub-contractors, and miscellaneous expenses.
Job costing identifies the most profitable parts of your business so you can pursue jobs that play to your strengths. Identifying the least profitable parts of your jobs shows you what you need to get better at, or potentially what work you’d be best served to leave to someone else.
Tensor job costing and labour analysis module – an important part of your time and attendance suite
The Tensor WinTA.NET Time and Attendance software suite includes a dedicated job costing and labour analysis module.
Using a Tensor Smart Card and input device (keypad, barcode scanner etc), workers can book time against multi-tiered jobs to produce a fully costed analysis and breakdown of time spent on each job. Reports show jobs that are over budget or those approaching their budget limit. This information can also be exported to a spreadsheet.
If you would like to find out more about the Tensor WinTA.NET time and attendance software and the various modules it comes pre-loaded with, please contacts us or Book a Demo, we would be more than happy to answer all of your questions and queries.