Job Costing

Job costing means tracking the expenses for a job and then comparing those expenses to the job’s revenue. This tells you which jobs are profitable and which are losing money.

QuickBooks Desktop Premier edition is the recommended software program for job costing or job project tracking or product costing. You can purchase this product from Inuit website for $350 or the same product from Amazon for $300 (Actual price may vary. See AD below).

QuickBooks Desktop Premier 2017

Step-by-step Guide to Complete QuickBooks Job Costing Video Tutorials

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1) Setup Chart of Accounts for Job Costing

QuickBooks Desktop Job Costing – how to set up chart of accounts Duration: 8:55

2) Setup Preferences for Job Costing
QuickBooks Desktop Job Costing – setup preferences to job cost and item track paycheck expenses Duration: 5:43

3) Setup Item Lists for Services
QuickBooks Desktop Job Costing – how to setup Item List | Level of Efforts for job Duration: 18:02

4) Setup Item List for Payroll Expenses
QuickBooks Desktop Job Costing – how to setup payroll item list Duration: 18:47

5) Setup Class Tracking
QuickBooks Desktop Job Costing – how to setup class tracking for payroll expenses by job Duration: 7:48

6) Recap of preferences, setup, items list for services, item list for payroll, class list (from 1 to 5 above)
QuickBooks Desktop Job Costing – review of preferences setup item lists services payroll class Duration: 8:40

7) Set up a Customer and Job
QuickBooks Desktop Job Costing – setting up your customers and jobs Duration: 11:10

8) Assign your expenses (labor, material, and other costs to jobs)
QuickBooks Desktop Job Costing – assigning costs labor time overhead mileage to job Duration: 13:03

9) Enter job-related purchases – Write a check
QuickBooks Desktop Job Costing – write a check – enter job related purchases Duration: 13:24

10) Enter job-related purchases – Entering a bill
QuickBooks Desktop Job Costing entering a bill job related purchases Duration: 8:51

11) Enter job-related purchases – Entering a credit card transaction
QuickBooks Desktop Job Costing entering credit card charges job related purchases Duration: 10:50

12) Enter job-related purchases – Entering reimbursable expenses back to customers
QuickBooks Desktop Job Costing – entering reimbursable expenses back to customers Duration: 11:30

13) Enter billable and non-billable time – Filing in a weekly timesheet
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14) Enter billable and non-billable time – Entering single time activity
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15) Entering overhead expenses – Entering expenses as items tab or expenses tab
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16) Entering mileage – Record the mileage in the Enter Vehicle Mileage window
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17) Entering all other expenses type and assign each expense to the customer job of tracking by job
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18) Enter your estimates
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19) Create Invoices
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20) Job Cost Reports
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Time Tracking

 


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