Job Costing

FieldHub’s integrated system combines all aspects of a job, including financial data, sales, and project information, to provide accurate job costing and revenue recognition. The work order job costing report, based on the integrated general ledger, reflects installed materials, project expenses, and manual journal entries, while the mobile app allows team members to track time, which is automatically reflected in job costing. With FieldHub, you can trust that your job costing is precise, empowering you to make informed decisions and ensure project profitability.
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Accurate Job Costing

FieldHubs' all-in-one approach brings proposals and project budgets, inventory, revenue and expenses into a single general ledger based system to provide a full view of a projects financials.

Configurable Revenue Recognition Methods

Customize work order types with various revenue and cost recognition methodologies to align with your standard operating procedures and the most appropriate accounting method for each project type. FieldHub supports revenue recognition at the time of invoicing or deferred manual project close out, as well as expense recognition at the time of material installation, invoicing, or deferred as work in progress (WIP) until manual project close out.

Standard Labor Costs

Team members track their time using the FieldHub mobile app for Android or iOS. Upon approval, time entries are automatically reflected in job costing based on each team member's configured standard cost. Payroll expenses can also be attributed to projects to accurately reflect specific labor costs.

Easily Compare Sales Estimates

Utilize FieldHub's profitability dashboard to quickly compare original estimates to actual job costs, ensuring project profitability. Gain deeper insights with comprehensive reporting that can be easily exported to Excel for further analysis and sharing with stakeholders.

Integrated Material Tracking

Track material costs from purchase orders, warehouse transfers, and installation on projects to accurately account for material expenses in job costing. Installed material is recorded against work in progress (WIP) at the time of installation, ensuring expenses are only incurred when material is installed, following Generally Accepted Accounting Principles (GAAP) and American Institute of Architects (AIA) standards for reporting.

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