You get to the end of the month and find there's more money flowing out than in.
But why?
It's likely that you have a job in which employees are going over budget or higher-paid supervisors are filling in. This overage is a leak, and you need to seal it to stay afloat.
We have your answer.
Use the Job Summary Report to Track Labor Dollars and Budgeted Hours
The Job Summary report gives you several pieces of important information for any date range.
How much the total labor cost was for each job.
The labor cost for each employee who worked the job.
The budgeted hours
The actual hours
For the report to work its magic, you have to enter data in a couple of places, as shown below.
How to Set Up the Job Summary Report
Enter a job's budgeted hours at List Maintenance, Jobs, Advanced Tab. The field says "Weekly Budget Labor Hours" if you want to track job budgets weekly. But you can track budgets at different intervals. Perhaps you want to monitor them biweekly. Just enter a value here for two weeks. Then, change your dates on the Job Summary report for your biweekly period. The budgeted hours field is static and will not change on the report.
2. Enter employee pay rates at List Maintenance, Employees, Personal Info tab. This report uses the pay rates x labor hours to give you the total job cost.
What about Budgeted Labor Dollars?
You may have noticed that the Job Summary report doesn't show the budgeted labor dollars. The RTB3 Apolo job costs $595 in labor, but what did you hope to spend? You would probably like to know. Our suggestion is to add the number to your job name like below. Oops! We only planned to spend $500.
Would you like to see how overtime and fully loaded pay rates impact your budgets? Check out our article on the Weekly Labor Cost report.
Take a peek at our new platform, Chronotek Pro. We take job costing to the next level!
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