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Accounting · Definition

Job Costing

Accumulating cost against a specific job, project or order.

Job costing collects materials, labour and applied overhead against one identified job rather than spreading them across a period. It answers whether that particular contract, build or repair actually made money.

It depends on discipline at the point of entry — time booked to the right job, materials issued against it, overhead applied on a defensible basis. Costs coded to a general account are lost to the analysis.

Also called

  • project costing
  • contract costing

Job Costing is not just a definition here

Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.