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Level 1

How to do job costing

 
1 Comment
QuickBooks Team

How to do job costing

Let me guide you on this, @Vsw2014.

 

In QuickBooks Online (QBO), the Project feature works like Job Costing in QuickBooks Desktop. This feature will help you to track and calculate your project and

track all moving parts.

 

To start, let's turn on the project feature.

 

  1. Go to the Gear icon, then choose Account and Settings.
  2. Go to the Advanced tab.
  3. Find the Projects section and click Edit to expand it.
  4. Tick the Organize all job-related activity in one place checkbox.
  5. Hit Save and Done.

 

Once turned on, you can now create your first project in QuickBooks. Just proceed to Step 2 of this article:  Set up and create projects in QuickBooks Online.

 

Then, to have a summary of the transaction data, you can run the Profit and Loss by Customer report. Here's how:

 

  1. Go to the Reports menu.
  2. Scroll down to the Business Overview section and click Profit and Loss by Customer.
  3. You can also customize this report so you can filter to show specific info. 

 

On the other hand, you can also use class tracking, which provides you deeper insights into your sales, expenses, or profitability for each part of your business. To have a better view, take a look at these articles:

 

Should you need any further information, just let me know. I'm here to help. Have a great day!

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