Job Costing QuickBooks Online – Contractors


Learn job costing in QuickBooks Online from a practicing CPA

What you will learn

How to set up a job costing system using QuickBooks Online

How to enter job or project estimates

How to create jobs or projects

How to bill for jobs or projects

How to set up two sided or double sided items

How to apply materials to jobs or projects

How to apply direct labor to jobs or projects

How to apply overhead to jobs or projects

How to create an invoice from actual costs

How to create an invoice from an estimate

Description

This QuickBooks Online Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools QuickBooks provides to create an effective job costing system.

We will discuss the process of setting up QuickBooks for a job costing system.

The course will describe the terminology used by software and by the industry, such as jobs, sub customers, and projects.

Learners will understand how to set up projects and how they function to track costs and revenue per job.

We will cover how to enter bills and allocate costs to jobs using forms such as bill forms and expense forms.

The course will discuss the concept of a double-sided or two-sided items, how to create them, and why they are necessary for job costing.

Learners will know how to apply materials to jobs.

We will discuss how to apply direct labor to a job.

The course will show how to apply overhead to jobs.

Learners will be able to create invoices for the job using either the estimate or the actual billed costs.

English

Language

Content

Introduction


5 Create QuickBooks Online Account

Documents To Download

10 Project Overview

Set Up Jobs / Projects, Billable Expenses & Items

515 Jobs, Sub Customers, Projects


516 Settings Billable Expenses

518 Add Projects

519 1 Add Cost of Goods Sold Accounts

519 2 Add Items Products & Services

Enter Beginning Balances for Jobs & Accounts

520 Enter Beginning Balances For Jobs & Accounts Part 2

521 Enter Beginning Balances For Jobs & Accounts Part 2

523 Enter Beginning Balances Other Accounts

Applying Raw Materials to Jobs

525 Purchase Raw Materials On Account

530 Raw Materials Used & Applied to Job

531 Raw Materials Used & Applied to Job Part 2

Applying Direct Labor to Jobs

540 Apply Direct Labor Cost to Jobs

Applying Overhead to Jobs

545 Apply Overhead to Jobs

546 Apply Overhead to Jobs Part 2

Completing Job and Creating Invoice

550 Record Completion of Job & Invoicing

Making Job Estimates

565 Job Project Estimates

Theory Practice Problems in Excel

120 Excel Problem Tracking WIP

135 Excel Problem Tracking COGS

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