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Tracking our performance on current projects is crucial, as It allows us to analyze and evaluate our efficiency and effectiveness, which in turn enables us to make informed decisions when quoting future projects. By closely monitoring costs, timelines, and resource allocations, not only do we identify areas for immediate improvement, but we also gain valuable insights into the accuracy of our cost estimates, enabling us to make more precise future projections. Ultimately, a thorough understanding of performance metrics in job costing is essential for any company to optimize processes, maintain competitive advantages, and achieve long-term financial success.

This week, Scott talks about the importance of tracking your company's performance, so that you can make more informed decisions when estimating future projects. 

QUESTION —How confident are you in your estimates? Let us know on our Facebook Page.

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TOOLS AND APPS WE RECOMMEND

-Cycle CPA: Accounting Services For The Green Industry & Service-Based Businesses, Bringing a business mind to accounting. https://t2m.io/H4hkcEg

This video is sponsored. Some links are affiliate links which means if you buy something, we'll receive a small commission.

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