How do you compare the actual costs of the job to the original estimate?

June 10th, 2014

Great question this week from Ashna from ALP Projects…. How do you compare the actual costs of the job to the original estimate?

After receiving this question from Ashna by email I thought it would be best to put some detailed information together as we do get asked similar styles of questions around budgets and tracking budgets. You will find some screenshots from the software showing how easy it is to set up and track hours and materials against a budget you set from your quoting and invoicing.

Hi Ashna

Thanks for your email, with the JobClock system this is very easy. Simply build a budget for each job on the hours you believe it will take to complete the project, you should have this information as part of your quote building process.

Once you have a budget it is just a matter of collecting data against the budget. The JobClock system will allow you to build a budget including labour and materials. The majority of our customers utilise the labour component while a few take advantage of the materials module also to track the budget of materials against the actual materials used.

I have placed a couple of screenshots below from TimeSummit software and also from the reports module, let me know if you would like to Book a demonstration where I can show you in detail how you can easily track your hours and materials against a budget set from your initial quote and pricing to your customer.

Peter Morrissey has been working with employee time and attendance for more than 15 years, Peter has supplied more than 3000 customers around the world with employee time management systems. He has seen the good, the bad and the ugly. Peter bought the JobClock system into Australia in 2008 to fill a void not being covered at the time. As cloud technology has come along the JobClock system not only services construction but many more industries hungry for employee labour costing information.

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