Job costing

This refers to the costing method which tracks costs for each specific job, rather than for each function.

Job costing (also known as job order costing) is particularly relevant where each job (for example a service engineer visit or the creation of a bespoke piece of software) is significantly different from every other job (such as differing amounts of labour needed, different components, unique customer specifications).

Job costing is a term normally found in management accounting. Explore our learning zone to discover more