Bookkeeping for contractors, trades, and small businesses in Utah.

Call or Text: (208) 971-3479

What reports show job-level profitability?

The Job Profitability Summary is your starting point. This report lists all your jobs with total income, total costs, and gross profit for each one. You can see at a glance which projects made money and which ones lost money. Run this monthly to track how active jobs are trending and to review completed jobs before moving on to the next project.

Job Profitability Detail goes deeper. When a job shows lower profit than expected on the summary, you pull the detail report to see exactly where the money went. Every expense coded to that job appears line by line. You’ll see if materials ran over, if labor hours exceeded the estimate, or if a change order never got billed. This is the report that tells you why a job underperformed.

Profit and Loss by Job is another way to view the same data, formatted like a traditional income statement but filtered or grouped by project. Some people find this layout easier to read because it follows the standard P&L structure they’re used to seeing.

If you’re tracking budgets, a Job Cost vs. Budget report compares what you estimated to what you actually spent. This is where you catch problems while there’s still time to adjust. A job that’s 60% complete but has already burned through 80% of the materials budget needs attention now, not when the final invoice goes out.

These reports only work if your construction job costing is set up correctly. Every expense needs to hit the right job. Every labor hour needs to be assigned to the correct project. Every subcontractor invoice needs to be coded properly. Run a profitability report on a job where half the costs landed in general overhead and the numbers are meaningless.

In QuickBooks, these reports live under the Reports menu. QuickBooks Online calls them Project Profitability reports if you’re using the Projects feature. QuickBooks Desktop has Job reports under the Jobs, Time & Mileage category. The names vary slightly by software version but the concept is the same.

The goal is knowing your real margins by project so you can estimate better, catch problems earlier, and stop taking jobs that lose money. A real estate bookkeeper in American Fork or construction accountant who understands job costing can help you configure these reports and make sure the underlying data is accurate enough to trust.

Utah's Construction Bookkeeping Specialists

The Next Step:
A 15-Minute Call

We'll ask a few questions about your business, figure out what you need, and give you a straightforward price.

More Questions

What should I track for accurate job costing?

Track labor hours and burden, materials coded to jobs, subcontractor invoices, equipment usage, and allocated overhead. The key is capturing costs at the job level when they happen, not guessing at month-end.

Read answer

Why am I always behind on invoicing?

You're behind because invoicing isn't built into your workflow. It gets pushed aside by everything that feels more urgent until you're weeks behind and missing revenue.

Read answer

Should I use QuickBooks Online or Desktop for construction?

QuickBooks Online is the better choice for most construction businesses today. The mobile access, cloud collaboration, and job costing features make it ideal for contractors who need to track costs from the field.

Read answer

How do I track materials and supplies by job?

Tag every material purchase to a specific job at the time of purchase. Write the job name on receipts, set up job references with suppliers, and enter expenses in your accounting software with job assignments. This gives you accurate job costs instead of guesswork.

Read answer

What financial reports should a general contractor review monthly?

Contractors should review profit and loss statements, balance sheets, job cost reports, work in progress reports, and aging reports for receivables and payables. The job cost report matters most because it shows actual profitability by project rather than just overall company numbers.

Read answer

Should I do my own bookkeeping or hire someone?

It depends on your transaction volume, industry complexity, and what your time is worth. DIY works for simple businesses with minimal transactions. Hiring makes sense when bookkeeping eats into revenue-generating time or when mistakes start costing you money.

Read answer

Utah bookkeeping firm for contractors, trades, and small businesses. We provide bookkeeping, construction job costing, payroll, and QuickBooks support. Locally owned in American Fork, serving Provo to Salt Lake City and the entire Wasatch Front.

Client Reviews

5-Star Rated Firm

Social

  • Intuit Bookkeeping Certification badge
  • QuickBooks Online Certification Level 1 badge
  • QuickBooks Online Certification Level 2 badge
  • QuickBooks Online Payroll Certification badge
  • QuickBooks ProAdvisor Advisory badge

© 2026 TRUEquity Bookkeeping, LLC