Monthly job cost reports a builder should get
The package that tells you how each house is doing.
Short answer: Every month, a custom home builder should get a profit and loss and balance sheet, budget vs actual by house and cost code, a change order log showing billed and unbilled items, a draw status by house, and, for larger builders, a WIP schedule and a cash forecast. Each report should tie to reconciled books.
The core package
- Profit and loss and balance sheet
- Budget vs actual by house and cost code
- Change order log, billed and unbilled
- Draw status and remaining loan budget by house
- Notes on the largest variances
For 6 or more active homes
- WIP schedule
- 13-week cash forecast
- Draw and cash snapshot every 2 weeks
See samples
See our sample reports with made-up numbers.
Common questions
When should reports arrive?
Our target is within 10 business days of month end.
Who explains them?
We walk through each house on a monthly review call.
Are these the same as tax reports?
No. They are management reports. Your CPA handles tax.
Related
By John Mos, Founder. Updated . We do not give tax or legal advice. Please ask your CPA or attorney.
See where your margin goes, house by house.
Tell us about your homes and your books. If we are a fit, we start with a $750 Job Cost Checkup: written findings and a fixed quote in 10 business days, credited to your first month if you sign up.