A project estimate is the beginning of the client relationship and is especially crucial to getting a construction project off the ground. Accurate job costing is needed to verify the financial viability and profitability of a project; it’s also a prerequisite to a successful bid.

Accurate job estimates along with Work-in-Progress (WIP) reports shared with the client are also key to the proper management of invoicing and cash flow.

To keep a project on schedule and profitable, set yourself up for success with proper construction accounting processes and effective job costing.

Learn more about how to make accurate construction job costing estimates and improve profitability with QuickBooks.