Let me help you with tracking your jobs, expenses, and loan in QuickBooks, sslavin.
We can use the Job costing feature to track the expenses for a job and compare those expenses to your revenue. With QuickBooks Desktop's job costing tools, you can see how much money you spend and make for each job. Just set up an individual job for that customer to keep track of your income and expenses on a job-by-job basis. This can simplify your bookkeeping if you add another job for that customer in the future. For the steps and details, see the Track job costs in QuickBooks Desktop article.
When recording a loan in QuickBooks, we'll need to set up a liability account in QuickBooks. Here's how:
- Go to the Lists menu, then choose Chart of Accounts.
- Right-click anywhere, then click New.
- Select Other Account Types, then select the right account type for your loan:
- Other Current Liability: Use this for short-term loans payable over one year.
- Long Term Liability: Use this for long-term loans payable over a longer period.
4. Click Continue, then enter the name and number of the account.
5. PressSave & Close.
Then follow the next steps in the Manually track loans in QuickBooks Desktop article. To keep track of the ordinary business expenses that wouldn't fall under a specific job, make sure there's no job or customer name when creating your expenses.
Additionally, the following write-up will help you utilize the program: Get QuickBooks Desktop user guides. It contains more pointers that will help you get familiar with QuickBooks Desktop.
Feel free to get back to me if there's anything else I can help you with adding an expense QuickBooks Desktop. I'll be around to keep helping. Have a good day.
