USA Job costing Line of Credit Interest to multiple jobs

Jan 22, 2019
Reaction score
United States
Hello. We are a homebuilder and we have a line of credit we use to finance the build of new homes. Each month we pay interest on our line of credit which has a variable rate. We have multiple projects using the one line of credit. How to I take the monthly interest expense and divide it between each job to job cost the interest expense to that job. We use Sage Contractor 100 for accounting software.


VIP Member
Oct 12, 2011
Reaction score
United States
Why not base on how much the LOC was used for each home? For instance if you have drawn 100 and home A took 25 and home B 75 - ratio the interest 25% to home A.



John Baker

Is your interest expense based on the lump sum outstanding at the end of a cutoff period?
What is the nature of your going into your line-of-credit?
- in other words, do you have a specific criteria for using a line-of-credit, or is it used only when needed?
Do you have a cash flow format, used in conjunction with your relationships of receivables and payables?
- prior to building, you use a bill of materials and labor specific for each build, then determine "what if's"
based on market conditions, credit worthiness of potential suppliers, contractors, even buyers and so forth?

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Job Hunting 0
India Is it possible to do accounting related job without an MBA ? 7
USA subcontract a taxpaying employee job to an independent contractor 6
Australia Job Search Confidence 0
USA Accounting Job 3
USA Capitalized Costs 2
USA Entry level accounting job search 4
USA Dead end job 4