Where accounting makes "cents"

  🚧 If Your Job Cost Report Doesn’t Follow Construction Divisions… You’re Guessing. The last few general contractors I reviewed had one major issue: No structured cost divisions. Everything was coded like this: • Subcontractors • Materials • Labor • Misc Expense (🚩) • Other (Double 🚩🚩) In professional construction, projects are segmented using the 16 divisions defined by the Construction Specifications Institute (CSI). Each division represents a defined scope of work: - Site Work - Concrete - Masonry - Metals - Wood & Carpentry - Roofing - Doors & Windows - Finishes - Specialties - Equipment - Furnishings - Special Construction - Conveying Systems - Mechanical - Electrical When your chart of accounts and job cost codes don’t mirror how construction is actually performed, you lose: • Visibility into margin by trade • Accurate estimate vs actual comparisons • Historical pricing data • Leverage in subcontractor negotiations • Confidence in your WIP reports And her...