How To Track Project Expenses And Credits In QuickBooks Online

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@waterfordbusinesssolutions3235 3 ай бұрын

How do you track project expenses in QuickBooks Online? What challenges do you face with project expense management? Let’s share our tips!

@khrisramella5766 Ай бұрын

I use Quickbooks Online and it does not have the Customer/Project box. How am I supposed to put expenses against a job if there's no way to do it? Very frustrated.

@waterfordbusinesssolutions3235 Ай бұрын

@@khrisramella5766 You need to make sure that you are using QBO Plus lower versions do not allow for this. Also make sure through your settings and the expense area in settings that you have the feature turned on. This is not always turned on for all customers.

@dappledandy 2 жыл бұрын

Thanks for the video. May I ask a question? How do we first devise an estimate and then track project expenses against the estimate? I am doing books for a custom home builder who charges cost-plus billing. Virtually all of our expenses are billable with a markup. I understand how to make an expense billable, but I need an added step. Note: using QBO Plus. The added step I need is to get each customer invoice onto a ledger (perhaps not the proper term, but think of a spreadsheet) that matches the amount billed to the customer against what is set in a line item budget/estimate. Again, we have about 150 items (individual products and services) in our estimate to match. A custom home building project unfolds over time. Between pricing the job and ordering materials, prices often change. Said another way: How do we first devise an estimate and then track billable project expenses against the estimate? Unlike a budget, the estimate is not split into months - it’s one figure matched against the expenses that unfold as work is being done. Let’s say we have multiple expenses under the category of site work. We get a bill from a subcontractor who installed a septic tank. So when we bill the customer, how do we get that charge onto a spreadsheet in a column next to what was estimated for “septic tank installation” under the category of “site work”? We have to show our customer each month where the project stands compared to the estimate. I hope I’ve explained my situation clearly? Thanks for any help.