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Cost Codes

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Construction Cost Codes

Information on how accounting and finance staff use cost codes to track and manage costs. Learn how cost codes help track budgeted amounts, actual costs, and remaining budgeted amounts.

Cost Codes: An Abstraction of the General Ledger

In any industry, tracking costs contributes a critical factor to bottom-line accounting. Capturing costs in the construction vertical becomes essential due to the countless phases and changes a project can undergo; they directly affect a project's profitability.

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Cracking the Codes of Construction

Construction companies use many ways to track the cost and progress of projects, including job codes, cost codes, and work breakdown structures (WBS).

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