Tracking job cost for projects with set price

Let me provide some information about tracking job costs for projects with a set price, @CaitPHG.

I can see the importance of tracking the itemized job costs, expenses, COGS, to your business is. Currently, we can only track your project’s profitability. 

With regards to the Billable box when going through the Banking and categorizing your purchases to the job, make sure to select this. This way, it will show up in the Transactions for that Project.

For more insights, please see this article: Set up and create projects in QuickBooks Online. It also includes an idea on how to add existing timesheets to a project.

Additionally, let me attach this link to help you use projects to track labor costs and profitability: Track hourly labor costs and profitability by project in QuickBooks Online.

Please get back to this thread if you have further questions about tracking job costs. I'll be around to assist you. Keep safe and have a good one!

So if I do that, can I then uncheck the billable box once I'm done reviewing all of the "Cogs" and ready to invoice based on the estimate? MOST of our materials are paid for upfront (Home depot with a company CC). I want to do this in case any Billable Time/Materials slips in there during the job. This happens Almost every job. So, when we go to bill; we like to see All of the transactions. Will this mess any other "reporting" up? 

Good evening, @CaitPHG. 

Thanks for reaching back out and asking more questions. I can provide some details on this situation. 

Yes, you can uncheck the billable box once you're done reviewing the information. However, checking and unchecking billable options should only be happening if absolutely necessary. 

For your second question, the reporting will change based on the editing you make. 

Come back if you have any other questions or concerns. I hope this helps answer your question(s). Wishing you and your business continued success!