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JPE-Carol
Level 1

How to project what my total cost will be on a new job

I am unable to find any report in Enterprise where I can capture the total cost of a job in order to decide what my price should be. 

Normally, our jobs consist of a list of build assemblies which we already have, in stock.  For those instances, I would create an invoice, run a journal report and filter by COGS and then void the invoice.  In this instance, some of the components in my build assemblies are brand new and we haven't received them yet but want to start to determine what sell price we want.  Without any inventory, I an unable to invoice.  

I've created an estimate for the job and run just about every report relating to jobs profitability and none of them will bring in my cost.  We do have purchase costs assigned to every item within the job at the item level.  Our jobs are quite complex and generally consist of upwards of 25 unique build assemblies, each containing as many as 30 unique components.  

7 Comments 7
ZackE
Moderator

How to project what my total cost will be on a new job

Welcome to the Community, JPE-Carol.
 

There's a couple reports that can help you determine your total cost for a job. One is titled Estimates by Job, the other's called Cost to Complete by Job Summary.
 

You can also customize these reports after running them.
 

Here's how:

  1. On your Report window, click Customize Report.
  2. From the Modify Report screen, go to the tabs you need to update and make your customizations.
  3. Select OK.


If you're still not finding the details you're looking for on either report, I'd recommend checking out QuickBooks Advanced Reporting (QBAR). With QBAR, you can get assistance from members of Intuit's Resellers Program if necessary.

 

I've also included a couple detailed resources about working with reports that may come in handy moving forward:

 

Please don't hesitate to send a reply if there's any additional questions. Have an awesome Wednesday!

JPE-Carol
Level 1

How to project what my total cost will be on a new job

Thank you for your response. 

 

1.  I ran estimates by job, filtered down to the particular estimate I am working with but in the list of fields to display, cost is not listed.  It shows and amount field but that is pulling the amount from the price field on the estimate.  

 

2. Cost to complete by job summary.  I am unable to locate that report.  I can find the Time by job summary and job profitability summary.  Those seem to be driven off invoices, not estimates. 

 

I am working in Enterprise21 so I can't imagine there is a newer version than that, yet.  

 

Again, thank you for your response and if you can direct me to the Cost to complete by job summary, that sounds like what I need. 

LeizylM
QuickBooks Team

How to project what my total cost will be on a new job

Hi there, JPE-Carol. 

 

Let me guide you on how to run contractor reports in QuickBooks Desktop.

 

Here's how:

 

  1. Go to the Reports menu at the top.
  2. Select Industry Specific.
  3. Click the Contractor Reports
  4. Then, select Cost to Complete by Job Summary.

 

Please see the screenshots below.

 

 

Here are some references that you can read to help speed up the reporting process in QuickBooks Desktop:

 

 

Please let me know by leaving a reply below if you like to take care of other reports or any processes in QuickBooks. I'm always here to help.

JPE-Carol
Level 1

How to project what my total cost will be on a new job

I'm not finding industry specific in the reports menu (see screen shot).  Is it because our file is already set up as a manufacturing file?

reports menu.PNG

Archie_B
QuickBooks Team

How to project what my total cost will be on a new job

Hello there, JPE-Carol.

 

I see that you tried to follow the step given by my colleague above. I'd like to share what I know about reports in QuickBooks Desktop.

 

You're correct. Once you've set up the industry type for your company file, you'll only have the Manufacturing and Wholesale Edition Reports. You can also Toggle to Another Edition if you need to switch to a different industry. I'll show how to do it.

 

Before you change the industry type, I highly recommend backing up your company files. This way, you can retrieve them right away in case of any unintended data loss.

 

To toggle to another edition:

 

  1. Go to File menu.
  2. Choose Toggle to Another Edition.
  3. Select the Industry/edition you want to switch into.
  4. Click on Next, then Toggle.

 

I've added this article for more information about the available reports in QuickBooks Desktop: Understand reports.

 

You can also check out this link to learn how you can personalize your report: Customize reports in QuickBooks Desktop.

 

Just let me know if you still have questions or clarifications about reports. I'm always here to help. Have a nice week!

JPE-Carol
Level 1

How to project what my total cost will be on a new job

Thank you.  You all are being so helpful but unfortunately, the option of toggle to another edition, does not show in my menu.  

 

file menu.PNG

 

Is there any advantage to having your company file industry specific.  If not, is there a way to remove that from the company settings?  Our file is very large so we often go through the process of creating new files to reduce the oversize an I'm wondering if it would make sense to eliminate that setting.  

JPE-Carol
Level 1

How to project what my total cost will be on a new job

Looks like in the Manufacturing and Wholesale version, that option is under the help menu.  I will make a backup and try that. 

 

help menu.PNG

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