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

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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.

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More Questions

How do I run job profitability reports in QuickBooks?

In QuickBooks Online, search Reports for Job Profitability Summary or Profit and Loss by Customer. In Desktop, look under Reports > Jobs, Time & Mileage. The harder part is making sure your costs are properly assigned to each job so the numbers actually mean something.

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How do I handle retainage in my bookkeeping?

Track retainage separately from regular receivables using a dedicated retainage receivable account. Record the full revenue when you bill but split the receivable between what you can collect now and what's being held back.

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What accounting software works for janitorial businesses?

QuickBooks Online handles most janitorial business needs including recurring invoicing, customer tracking, and payroll for cleaning crews. The software choice matters less than setting it up to match how your business actually operates.

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How do I manage payroll for a cleaning service?

Start by classifying your cleaners correctly as W-2 employees. Then set up simple time tracking, account for travel time between jobs, and use payroll software or a payroll service to handle taxes and filings.

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Is there a bookkeeper near me in Provo that works with contractors?

TRUEquity Bookkeeping serves contractors in Provo and throughout Utah County. Based in American Fork, we specialize in construction accounting and job costing for contractors across the Wasatch Front.

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What bookkeeping does a painting contractor need?

Painting contractors need job costing to track profitability by project, labor tracking by job, materials expense tracking, and subcontractor payment records for 1099s. Monthly reconciliation and accounts receivable management round out the essentials.

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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.

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