When entering estimated job costs how do I set up an item to include an amount for allocated job costs...equipment lease, shop expenses, depreciation, etc? I allocate these as a percentage of different direct costs but don't see a way to "markup" direct job cost estimates. Without this my job profitability reports aren't accurate.
Thank you for your response, Candice. The problem I'm having is getting the estimated allocated expenses into estimated job costs. I allocate the actual expenses but it causes the reports to show a higher percentage completion because allocated costs are not included in the job cost estimate. I was hoping there is a place in job cost estimating to include a "markup" percentage for indirect/allocated costs.
Thanks for giving additional information about your concern, @bawc79.
Currently, the option to include a markup percentage for indirect or allocated costs in QuickBooks Desktop (QBDT) is unavailable. To request the addition of this feature, I'd suggest submitting feedback to our Product Developer Team. Let me guide you how:
Also, I've attached this helpful article for further guidance in using the job costing tools in QBDT: Track job costs in QuickBooks Desktop. This will ensure that you have an accurate record of your job costs.
In QBDT, you can run job costing reports to check how your business is doing on a job-by-job basis. It also helps you to easily determine which job is profitable and which is not.
You can always drop a comment below if you have any other QuickBooks-related concerns. I'm just a post away to help. Have a good one.
Thank you for your response. I will make this product suggestion and hope that in future versions this required job costing element can be handled without all of my spreadsheets.