Jobber launched a new job costing feature that enables home service businesses to more accurately track and understand job costs and profit margins.
"With material and labor costs rising, and pricing pressure increasing from homeowners, it's easy for small businesses to get into situations where jobs become unprofitable," said Sam Pillar, CEO & co-founder of Jobber. "One of the key measures of success for our customers is profitability. Unknowingly taking a loss on a job due to incorrect costing can have a negative impact on a business. Jobber's new job costing feature simplifies the tracking of input costs and profitability so service pros can make important operational decisions, stay competitive, and take on the work that's ultimately going to grow their businesses."
The feature delivers increased insight into the labor, material and miscellaneous expenses associated with a job to better understand its profitability and to ensure service pros are earning the highest profit margins possible—without the complexity of switching between spreadsheets and multiple software.
It also helps ensure that one-off jobs are profitable by tracking costs and calculating profit margins in real-time directly on the job page. Service pros can also view these trends in a report to compare profitability for different jobs and get insights to improve future pricing, estimation and resource allocation. The profitability of each job is calculated using:
- Timesheets: Based on the hourly cost of each employee and their time worked on a job.
- Line items: The materials used on the job, including both the unit cost and price.
- Expenses: These are the expenses spent on a job