# Cost Accounting
5 items
Activity-Based Costing with Time Tracking
Financial management method using detailed time tracking data to allocate costs to specific activities and projects, providing accurate profitability analysis and pricing insights.
Construction Cost Code Time Tracking
Essential construction time tracking feature that allows workers to log hours against specific cost codes for accurate project costing, enabling companies to track labor expenses by task type, trade, or project phase for better profitability analysis.
Fully Loaded Labor Rates
Comprehensive hourly cost rates that include not just base salary but also benefits, payroll taxes, overhead allocation, and other employment costs, essential for accurate project profitability analysis and ensuring billing rates cover true labor expenses.
Labor Burden Rate
The multiplier or percentage added to base wages to account for benefits, taxes, insurance, and overhead costs when calculating true employment expenses, typically ranging from 1.25x to 2.0x base salary, essential for accurate project costing, profitability analysis, and ensuring billing rates cover full labor costs.
Labor Cost Tracking
System that combines tracked hours with employee pay rates to calculate true labor costs for projects. Essential for job costing, profitability analysis, and pricing decisions in service-based businesses.