Job tagging

Software: MoneyWorks accounting software

Is your job making money?

Job tracking is essential if you are in project business such as an event organiser, subcontracting, software development, etc. Have a good understanding of the job profitability, know where your money goes, what type of job is losing money, which sector to grow is an important factor for a business to survive.

You need tools to help to monitor the profitability of a job. MoneyWorks, a small business accounting software, has a job function which allows the user to tag the income and expenses with a job. For example, you may tag the job code to the job-related expenses such as insurance, labour cost, equipment rental, transportation, purchases, etc.

job-profitability

Once you have all the data, you can use an analysis report to analyse the job profitability. You can use the built-in JT Account report from the Report menu to monitor the job profitability or create a new one with job printed horizontally across the report.

References:
MoneyWorks v7 User Guide page 175, The Job File.
MoneyWorks v7 User Guide page 397, Job Control.

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