Job Cost Tracking for Drywall
The Job Cost Tracking workflow supports drywall contractors by ensuring all project expenses are captured and monitored. It includes tracking labor, materials, equipment, and subcontractor costs. Managers reconcile invoices, review budgets, and update forecasts regularly. By using this process, drywall companies reduce cost overruns, protect margins, and improve efficiency. Clients benefit from accurate billing and transparency in financial reporting. Teams gain accountability through structured documentation. With this workflow in place, drywall contractors can strengthen professionalism, improve credibility, and deliver projects more reliably with effective budget management.
Set up job cost codes based on budget categories (labor, materials, subs, equipment, etc.)
Enter original budget and any approved changes into job cost tracking system
Assign cost codes to all purchase orders, timecards, and subcontractor agreements
Record daily labor hours and costs to the correct job and task
Track material purchases and deliveries with matching invoices
Update subcontractor pay apps and payments under correct cost codes
Enter equipment rentals, fuel, or miscellaneous job expenses
Reconcile actual costs weekly or monthly against budgeted amounts
Flag overruns or under-spending for review with project team
Analyze cost-to-complete projections and adjust forecast if needed
Share job cost reports with project manager and leadership
Archive all cost data for final closeout and future estimating reference
👈 Use this SOP template inside Subtrak
Edit with AI. Customize in seconds. Store and share all your SOPs and checklists in one place.