How to Set Up Job Costing in Nexelya

Set up your chart of accounts with job cost categories. Create accounts for labor, materials, equipment, subcontractors, and overhead. Organize accounts by cost type to enable accurate job costing.

Define job cost codes that align with your project structure. Common codes include site work, foundation, framing, electrical, plumbing, and finishing. Assign each code to appropriate accounts.

Create budget templates for common project types. Include standard cost codes, estimated quantities, and unit costs. Templates save time when creating new project budgets.

For each project, create a detailed budget using your templates. Enter estimated costs for each cost code, including labor hours, material quantities, and subcontractor costs.

Configure your accounting transactions to automatically assign costs to job cost codes. Set up rules for vendor bills, payroll, and equipment usage to flow into the correct cost codes.

Configure progress billing schedules based on project milestones or percentage complete. Link billing to cost codes to track revenue recognition against costs.

Regularly review job cost reports to compare actual costs to budget. Identify variances early and adjust budgets or project plans as needed. Use forecasting to predict project completion costs.