SOP Templates > Masonry > Finance & Accounting > Job Cost Tracking

Job Cost Tracking for Masonry

The Job Cost Tracking workflow supports masonry contractors by ensuring all expenses are recorded and monitored. It includes logging labor hours, material costs, subcontractor charges, and equipment expenses. Managers reconcile invoices, review budgets, and update forecasts regularly. By standardizing this process, masonry companies reduce overruns, protect profitability, and improve efficiency. Clients benefit from transparent financial practices and accurate billing. Teams gain accountability through structured reporting. With this workflow in place, masonry contractors can strengthen professionalism, improve efficiency, and deliver projects more reliably with consistent budget oversight.

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

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