TLDR: QuickBooks Desktop Job Costing is a valuable tool for construction contractors to efficiently track and allocate job costs, including materials and inventory usage, to streamline the job costing process and understand profits. 00:00 📊 Allocate expenses to jobs, compare actual estimates to original estimates, and use double-sided items in QuickBooks for job costing reports. 04:35 📊 Set up and log reimbursable mileage rates, charge clients for vehicle and forklift usage, and mark items as billable in QuickBooks for job costing. 08:57 📊 In QuickBooks Desktop, job costing includes invoicing for billable time and costs, charging for mileage and equipment usage, and creating internal expense reports for job profitability. 13:59 📊 Track usage, revenue, and mileage in QuickBooks Desktop Job Costing to understand profits and create progress invoices for construction projects. 17:41 📊 It's crucial to track estimated costs, actual costs, and markup in job costing using QuickBooks Desktop, with the Job Working Process Summary report being a valuable tool for construction contractors. 22:35 📊 Use QuickBooks Desktop to efficiently track and allocate job costs, including materials and inventory usage, to streamline the job costing process. 25:05 📊 Use QuickBooks Desktop to track inventory usage, budget for materials and markup, and book projected costs internally for job costing purposes. 29:44 📊 QuickBooks Desktop Job Costing provides resources for reviewing job costing reports and offers step-by-step instructions for advanced users, including progress invoicing and retainage management.
Hi i have question. if we enter bills and even i put job name it does not show effect in p&l . currently i going to invetory adjust form and once i adjust inventory (inventory in hand then showing new invenyory as zero) then it takes the effect to p&l. Is there any other way or its the correct way. Please advise
Hello Hector, I was wondering where I can find the materials for this video and files for which I can practice on. I would like to be able to access the additional resources. Thank you, Jeanette
How would I charge those milage and hours applying to estimate to customer, because I have to stay with estimates for job costing, if I charge something out of my estimate, it will increse my cost comparing to estimated cost, or should I create sub job and new estimate for above mentioned expenses, I hope I clearly state my question, also can you show how to charge owners hours to estimates, thanks in advance
Another excellence presentation Hector.
David Moolekamp CPA great
TLDR: QuickBooks Desktop Job Costing is a valuable tool for construction contractors to efficiently track and allocate job costs, including materials and inventory usage, to streamline the job costing process and understand profits.
00:00 📊 Allocate expenses to jobs, compare actual estimates to original estimates, and use double-sided items in QuickBooks for job costing reports.
04:35 📊 Set up and log reimbursable mileage rates, charge clients for vehicle and forklift usage, and mark items as billable in QuickBooks for job costing.
08:57 📊 In QuickBooks Desktop, job costing includes invoicing for billable time and costs, charging for mileage and equipment usage, and creating internal expense reports for job profitability.
13:59 📊 Track usage, revenue, and mileage in QuickBooks Desktop Job Costing to understand profits and create progress invoices for construction projects.
17:41 📊 It's crucial to track estimated costs, actual costs, and markup in job costing using QuickBooks Desktop, with the Job Working Process Summary report being a valuable tool for construction contractors.
22:35 📊 Use QuickBooks Desktop to efficiently track and allocate job costs, including materials and inventory usage, to streamline the job costing process.
25:05 📊 Use QuickBooks Desktop to track inventory usage, budget for materials and markup, and book projected costs internally for job costing purposes.
29:44 📊 QuickBooks Desktop Job Costing provides resources for reviewing job costing reports and offers step-by-step instructions for advanced users, including progress invoicing and retainage management.
:)
Hi i have question. if we enter bills and even i put job name it does not show effect in p&l . currently i going to invetory adjust form and once i adjust inventory (inventory in hand then showing new invenyory as zero) then it takes the effect to p&l. Is there any other way or its the correct way. Please advise
I am working in 2018 contractors edition Premier, I believe there will be improvements since 2016, in QB
Rukhsana Tanwir is the same.
Gracias 🙏
Great video Hector thank you very much now i can do every thing in jobs and inventory,
Thank you
+Youssef Ibrahem cool
Hello Hector, I was wondering where I can find the materials for this video and files for which I can practice on. I would like to be able to access the additional resources. Thank you, Jeanette
I don’t think there is any..
@@HectorGarciaCPA Thank you for letting me know.
How would I charge those milage and hours applying to estimate to customer, because I have to stay with estimates for job costing, if I charge something out of my estimate, it will increse my cost comparing to estimated cost, or should I create sub job and new estimate for above mentioned expenses, I hope I clearly state my question, also can you show how to charge owners hours to estimates, thanks in advance
If the expenses are unexpected, then don’t modify the estimate... if they are part of a change order, create an estimate with the additions
So if I dont modify estimate, I let exceed my expense to estimed expenses
I need to add items to show in job profitability can you help?
Not possible
Dinosaurs