Job costing can tell you if you are making money or not. Simply put, job costing means tracking the expenses for a job and comparing those expenses to your revenue. Using the job costing tools available in QuickBooks Desktop, you can see exactly how much money you spent and made for each job. It can also tell you which job to take in the future since it can help you identify which job is profitable and which is not.
Estimating is one of the most important - and difficult part of running a contractor business but unless you compare your estimated cost and actual costs after the work is complete, there is no way for you to know if your estimates are on point or way off. You can easily address this by utilizing job costing reports available in QuickBooks Desktop.