Toolbox Takeover – Mastering ServiceTitan – Job Costing Masterclass: From Generics, Pricing, Purchasing, to Inventory
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Key Takeaways
Start job costing with a simplified approach using generic material items in your price book, then gradually add detail as you become comfortable and identify common items.
Include both hourly wages and 'labor burden' (taxes, benefits) in your technician cost calculations within ServiceTitan to understand the true cost of labor for each job.
Utilize ServiceTitan's dynamic pricing feature to automatically adjust your service prices based on material and labor costs, protecting your profit margins from fluctuations.
Leverage Pricebook Pro for pre-built, granular service and material lists, saving time on initial setup and ensuring comprehensive pricing data.
Implement a structured purchasing workflow in ServiceTitan, linking purchase orders to jobs and suppliers to gain accurate, real-time material costs and identify pricing discrepancies.
When considering full inventory management, assess if the potential 1-2% margin increase outweighs the significant labor, time, and training investment required for dedicated staff and accurate tracking.
Train technicians to consistently record materials used on jobs (either manually or via barcode scanning) as their accurate input is crucial for effective job costing and inventory management.
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