Have you swiped your debit card at the grocery store and said a prayer at the same time? This happens when you don’t have a budget, and you’re not watching your money come and go. This same truth applies to small business owners, especially those with remote, hourly employees. It’s important to track employee hours by job to identify your winning and losing contracts. Better data leads to better decision-making.
Put Your Jobs On a Budget
Do you know when it’s too late to discover you lost money on a job? After you’ve lost money on the job! Put your jobs on a budget and monitor the hours in live time to catch a wayward contract. Use a clock-in, clock-out employee management system to track your hours. Choose from many job costing options.
- Budget Manager is for the visual person who likes colorful charts and graphs. Budget Manager shows you where you are with each job and predicts where you’ll be at the end of the month. Easily get back on track before it’s too late.
- Weekly Labor Cost Report compares your budgeted hours and dollars per job to your actual times. See overtime by job worked. Nothing throws a budget off track more than unrecognized overtime labor costs that are 50% more than planned.
- Job Schedule v. Actual report is great if you have job schedules. Create shifts, and the report shows variances between the scheduled and actual durations by the job. The no-show alerts are a nifty bonus to make sure you don’t lose the job.
The Right Information Right Now
Don’t get to the end of the month and wonder if you’ve lost money on an account. Know in real-time where you stand with each job – the right information right now.
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