Project Job Costing

Project Job Costing is a method used in project accounting to track and analyze all expenses associated with a specific project. It involves identifying and recording costs such as materials, labor, and overhead, allowing businesses to see how much money is being spent and if the project is on budget. By closely monitoring these costs, companies can make informed decisions, assess project profitability, and improve future budgeting. This approach helps ensure that projects are completed efficiently and economically, maintaining financial control throughout the project's lifecycle.