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  • Writer's pictureEH Lim

Job tagging

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.

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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