QuickBooks Job Profitability Reports
Job Profitability Reports Are All About Finding Out Where You Are Making And Losing Money!
The 80/20 Rule - Says the top 20% of your customers generate 80% of your profit! Job Profitability Summary - Summarizes the profits your company earned from serving each construction customer within the date range you select.
The Key Colum - Is the Percentage (%) of Difference. This tells you which of your customers are profitable and which ones are not. In this example it is Sam Hill is in the top twenty percent (20%) and Henry Mancini is in the bottom eighty percent (80%).
In Most Cases - When I run this report for a contractor, after we clean-up QuickBooks, the contractors are amazed because more often than not their "Friends and Family" are the least profitable and the customers who make very little fuss or cause problems are the most profitable.
Profit & Loss by Job - Shows you how much profit you are making or losing on each job.
The Key Colum - Is the Percentage (%) of Income. This tells you which of your customers are most profitable and least profitable. In this example it is Sam Hill is in the top twenty percent (20%) of the income scale and Henry Mancini is in the bottom eighty percent (80%).
Unbilled Costs by Job- Report shows a list of costs assigned to a specific customer or job but has not been billed as reimbursable expenses.
The Key Colum - Is the "Billing Status" because as new costs are added this report will grow and as existing costs are Billed this report will shrink. Also any jobs that are Fixed Bid that appear in the "Billing Status" will need to be opened and fixed otherwise this report will become cluttered and useless.
Every Ninety Days Or Less - Replace your least profitable customer and replace them with someone who is like the people in the Top Twenty Percent (20%) and watch your profits soar!
QuickBooks Expert Specializing In Construction Bookkeeping Services
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor and QuickBooks For Contractors Expert. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.