Page 13 - Management Report Matrix Guide
P. 13

                                                                                                               ABOUT THIS REPORT
The Job Estimates vs. Actual Details report helps you drill down to individual projects to make sure you are accounting for all expenses and pricing your jobs right.
Did your team stay on budget? If not, why? Where do you have time leakage? What value did your team give away? Where are you leaving money on the table? Are you pricing your jobs right? This report shows how well each project did against the estimate of the costs and revenue for each job.
ACTIONS TO TAKE
» When you are creating your next proposal, look at the Estimated Costs versus Actual Costs % Difference column for a similar job to see what you missed on your last bid.
Even if you don’t bill by the hour, you should implement time tracking and activity based job costing. In QuickBooks, you can automate activity based costing and track the actual labor costs for each job. Review Job Estimates vs. Actual Report for any projects below your target and review pricing with your sales and estimating staff.
A project postmortem can provide valuable insight into why revenue was low or expenses were high and help you avoid the same problem next time.
Learn from mistakes and build in a reasonable cushion for the unforeseen or for demanding customers you know will take more time.
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