Job Costing Estimates vs Actuals Reporting - Issues with Cash Basis Reporting and Accrual Reporting

MintyBoo · ‎March 09, 2023

Our accounting method is cash basis which is what our QB Desktop is set to in preferences. When I run a "job costing estimates vs actuals summary", the reporting is correct based on cash basis. However, if I run a "job costing estimates vs actuals detailed report", the report runs on an accrual basis. Quickbooks Desktop Support let me know that the detailed report can only run on an accrual basis. Has any one found a way around this issue so detailed reports are based on a cash accounting basis?

BigRedConsulting · ‎March 09, 2023

I tried this, running the "Job Estimates vs. Actuals Summary" report. It doesn't have an option for Cash or Accrual, and for me it runs the same way regardless of the reporting option set in Preferences.

I think this is because it doesn't make any sense to run the report on a Cash basis, based on what it's for - to compare your sales with your estimates. It doesn't matter for the report whether or not you have been paid.

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BigRedConsulting · ‎March 09, 2023

I tried this, running the "Job Estimates vs. Actuals Summary" report. It doesn't have an option for Cash or Accrual, and for me it runs the same way regardless of the reporting option set in Preferences.

I think this is because it doesn't make any sense to run the report on a Cash basis, based on what it's for - to compare your sales with your estimates. It doesn't matter for the report whether or not you have been paid.

MintyBoo · ‎March 09, 2023

This is the best explanation I have received and makes complete sense. I'll only use the job profitability reports going forward. Thank you!!

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Job Costing Estimates vs Actuals Reporting - Issues with Cash Basis Reporting and Accrual Reporting