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A Visual Deep Dive into Cost Coding
Manage episode 410229018 series 3314227
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One of the biggest stumbling blocks with contractors getting their job costing system set up properly is the cost code structure. There are several moving parts and it can be overwhelming. Where do you start? We're showing you on this week's episode. Make sure to check it out on the Carpenter CPAs YouTube channel.
Topics we cover in this episode include:
- Reasons contractors fail at creating cost code structures\
- The Job Costing Hierarchy
- Cost codes mapping to Chart of Accounts
- How to start with cost coding
LINKS
Get the free phase codes list: https://bit.ly/49fPfQV
Visit the episode page at https://carpentercpas.com/costcodevisual for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Luvut
1. A Visual Deep Dive into Cost Coding (00:00:00)
2. Reasons contractors fail at creating cost code structures (00:02:33)
3. The Job Costing Hierarchy (00:07:08)
4. Cost codes mapping to Chart of Accounts (00:11:09)
5. How to start with cost coding (00:14:36)
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