Note: If you enter time and expenses on estimates and also on timesheets or bills, you will need to pick one to transfer to an invoice. You can evaluate how accurate the estimates are and adjust them appropriately for future projects.
However, entering estimates in QuickBooks allows you to use the full range of Job Cost reports to make sure your project budget is on track.
To get a complete job cost picture, make sure to assign all your expenses to jobs. This enables you to keep track of your income and expenses on a job-by-job basis and can simplify your bookkeeping if you add another job for that customer in the future. Step 1: Set up a Customer:Job for each of your jobsĮven if you have only one job for a particular customer, set up an individual job for that customer. Learn how to add, edit and delete items in QuickBooks Desktop. The level of detail in your Item List will determine the preciseness of your job cost reports. Make sure to set up each item with enough info. With QuickBooks Desktop's job costing tools, you can see how much money you spend and make for each job.įollow the steps below to make sure that you have an accurate record of your job costs. Job costing means tracking the expenses for a job and comparing those expenses to your revenue.