Why Residential Builders Need Precise Job Costing
In the competitive world of residential construction, precise job costing is crucial. With margins as tight as $650-$1200 per opening, accurate cost tracking can make or break a project. CountBricks integrates real-time voice estimating with QuickBooks Online, providing contractors with financial clarity throughout every project phase.
The Power of QuickBooks Online for Field-Focused Contractors
QuickBooks Online (QBO) offers significant advantages for contractors, especially when paired with CountBricks:
- Access on mobile devices keeps site supervisors connected with the office.
- Automatic bank feeds reduce manual entry and errors.
- Live dashboards provide instant gross profit insights by job.
- Seamless integration with CountBricks eliminates double entry.
How CountBricks Bridges Estimating and Accounting
Traditional workflows often lead to budget blind spots. CountBricks streamlines the process:
- Voice-driven takeoffs create detailed cost codes quickly.
- Materials are priced with live supplier data for accuracy.
- Estimates sync to QBO as customer estimates and budgets.
- Field purchase orders post to QBO in real time.
Setting Up Construction Job Costing in QuickBooks Online
Step-by-Step Implementation
- Activate Classes and Locations in QBO.
- Build a Products & Services list for typical assemblies.
- Import CountBricks cost codes to maintain phase relationships.
- Turn on Projects in QBO Advanced.
- Map bank feeds to correct cost codes.
- Train staff to capture receipts with the QBO mobile app.
Five Pro Tips for Smooth Data Flow
- Start jobs in CountBricks to create Project records in QBO.
- Use distinct numbering for change orders.
- Reconcile supplier price changes weekly.
- Tag subcontractor retainage as a liability class.
- Schedule a monthly three-way match.
Common Pitfalls—and How CountBricks Solves Them
Duplicate Cost Codes
CountBricks ensures consistent coding across devices.
Lost Change Orders
Voice-captured changes sync to QBO, preventing revenue loss.
Overhead Allocation Chaos
Automated journal entries ensure consistent overhead allocation.
Interpreting Reports That Matter to Residential Builders
Three Must-Run QBO Reports
- Project Profit & Loss
- Unbilled Time & Costs
- Cash Flow Forecast
CountBricks enhances reports with detailed drill-downs.
Beyond Job Costing: Leveraging Data for Growth
Mastering job costing in QBO turns historical data into a valuable asset. CountBricks analytics help benchmark projects and recommend strategies, boosting margins and funding growth.
Next Steps with CountBricks
Upgrade from spreadsheets and paper receipts. Visit CountBricks.com to schedule a demo and streamline your workflow.
Case Snapshot: How Rivertown Homes Added 6% to Gross Margin
Rivertown Homes, a custom builder, improved margins by adopting CountBricks and QuickBooks Online. Here's how:
- Imported historical cost codes into QBO.
- Field supervisors issued mobile purchase orders.
- Activated Project P&L dashboards to identify budget trends.
What Made the Difference?
- Real-time visibility with daily cost feeds.
- Unified coding for all expenses.
- Faster change orders with voice capture.
Lessons You Can Apply Today
- Contrast estimated labor hours with actuals weekly.
- Review cost codes exceeding 80% of budget early.
- Ensure final reconciliation before closing projects.
Ready to transform your bottom line? Explore packages at CountBricks.com.