cancel
Showing results for 
Search instead for 
Did you mean: 
rufunky
Level 2

View my cost through estimate?

I find myself having to tally up  the cost of goods and deduct from the estimate each time I want to see how much income i'll make from said project. Is there an easy way to access this information?

Solved
Best answer March 06, 2020

Best Answers
JoesemM
Moderator

View my cost through estimate?

Hi there, @rufunky.

 

We can use progress invoicing to split an estimate to many invoices. Let's ensure that the cost and price are in the item setting. 

 

If you haven’t already, turn on progress invoicing. Here's how:

  1. Go to the File menu and select Switch to Single-user mode.
  2. Click the Edit menu and select Preferences.
  3. Choose Jobs & Estimates from the list of menus.
  4. Select the Company Preferences tab
  5. Tap Yes in the DO YOU CREATE ESTIMATES? section. Then tap Yes in the DO YOU DO PROGRESS INVOICING? section.
  6. Click OK to save and close your preferences.
  7. If you need to, go back to the File menu and select Switch to Multi-user mode.

Once you've done, you can now create an invoice from your estimates.

 

Then, we can run the Job Estimates vs. Actual Detail report, This shows how your company's estimated cost and revenues for a job and compares them for each of the items you billed.

  1. Go to Reports.
  2. Click Jobs, Time & Mileage.
  3. Choose Job Estimates vs. Actual Details.

To know more about progress invoicing, please click this article:Set up and send progress invoices in QuickBooks Desktop.

 

Also, you can customize the Job Estimates vs. Actual Details report to show other columns and information you wish to include: Customize reports in QuickBooks Desktop

 

I'm always here to help if you have any other questions about QuickBooks reports. All the best.

 

 

 

View solution in original post

2 Comments 2
JoesemM
Moderator

View my cost through estimate?

Hi there, @rufunky.

 

We can use progress invoicing to split an estimate to many invoices. Let's ensure that the cost and price are in the item setting. 

 

If you haven’t already, turn on progress invoicing. Here's how:

  1. Go to the File menu and select Switch to Single-user mode.
  2. Click the Edit menu and select Preferences.
  3. Choose Jobs & Estimates from the list of menus.
  4. Select the Company Preferences tab
  5. Tap Yes in the DO YOU CREATE ESTIMATES? section. Then tap Yes in the DO YOU DO PROGRESS INVOICING? section.
  6. Click OK to save and close your preferences.
  7. If you need to, go back to the File menu and select Switch to Multi-user mode.

Once you've done, you can now create an invoice from your estimates.

 

Then, we can run the Job Estimates vs. Actual Detail report, This shows how your company's estimated cost and revenues for a job and compares them for each of the items you billed.

  1. Go to Reports.
  2. Click Jobs, Time & Mileage.
  3. Choose Job Estimates vs. Actual Details.

To know more about progress invoicing, please click this article:Set up and send progress invoices in QuickBooks Desktop.

 

Also, you can customize the Job Estimates vs. Actual Details report to show other columns and information you wish to include: Customize reports in QuickBooks Desktop

 

I'm always here to help if you have any other questions about QuickBooks reports. All the best.

 

 

 

rufunky
Level 2

View my cost through estimate?

Thank you :)

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us