Definition

job cost accounting

Part of the Project management glossary:

Job cost accounting is the process of assigning the costs you incur to a specific job you or your business is involved with. This term is widely used in the construction industry and it refers to allocating costs to individual construction projects at a company. With the proper system to do job cost accounting the end result is the ability to accurately report on your profitability per project.

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This was last updated in February 2008
Posted by: Margaret Rouse

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