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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?
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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:
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.
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.
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Thank you :)