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Wyotx
Level 1

Equipment Costs and Charging Internally To Projects

I have been searching online and have not had much luck on finding a solution for this.  We are trying to be able to charge equipment to projects for job costs.  

 

Can you setup assets numbers for equipment to charge mechanic time and material?

Can you assign internal rate costs to equipment than charge them to the project each week? 

 

I am looking to get true numbers for my projects and if my equipment is earning more than it is costing.

 

I am using Quickbooks Desktop

1 Comment 1
JamesAndrewM
Moderator

Equipment Costs and Charging Internally To Projects

I appreciate you for sharing the details of your concern. I see you want to manage the internal charging of equipment costs to projects. Let me provide you with some information to help you achieve this.

 

While QuickBooks Desktop doesn't have a built-in feature specifically designed for internal charging of equipment costs to projects, you may also consider customizing reports or utilizing third-party integrations to enhance your project cost analysis and management capabilities.

 

You can find some third-party applications on the Apps for QuickBooks Desktop webpage or by following this link: https://desktop.apps.com/home.

 

Once on the page, follow the steps below:

 

  1. Go to All Applications.
  2. On the search tab, type in the clue word of the specific app you're looking for.
  3. Click the magnifying glass to search.

 

For the reports, you can either open the Profit and Loss by Job or Profit and Loss by Class, then filter the names of your jobs/projects if you want to get a report for each project.

 

On the other hand, QuickBooks only allows tracking of hourly costs for jobs, whether entered as expense or payroll.

 

To open the report/s:

 

  1. Choose Company & Financial from the Reports tab, then click on Profit & Loss by Job or Profit and Loss by Class.
  2. Make the customization from the report's page. If you wish to open the Profit and Loss by Class, filter the name/s to show just your project/s.
  3. Click OK to refresh the page.

 

I'm adding these articles you can use in the future:

 

 

If you have any other questions or concerns, please don't hesitate to reach back out. I'll be here to help in any way that I can! Stay safe!

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