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.

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

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