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Setting up a new set of items with sufficient information will help regulate the preciseness of your job cost reports. Though, there’s perfect timing for this process to avoid messing up your reports.
It’d still be best to ask guidance from your accountant prior from doing this.
You might also find this article about job costing interesting, please refer to this article: https://quickbooks.intuit.com/community/Help-Articles/Track-job-costs-in-QuickBooks-Desktop/m-p/2012....
Let me know if you have other questions concerning QuickBooks. Hope your week is going well.