QuickBooks Desktop Job Costing: Estimates with Markup, Mileage, Inventory Costs, and Reports

[@davidmoolekampcpa3370]

Another excellence presentation Hector.

[@HectorGarciaCPA]

David Moolekamp CPA great

[@youssefibrahem3886]

Great video Hector thank you very much now i can do every thing in jobs and inventory, Thank you

[@HectorGarciaCPA]

+Youssef Ibrahem cool

[@mariagstorm9244]

Gracias 🙏

[@AceCPAsBookkeeping]

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.

[@HectorGarciaCPA]

:)

[@rukhone1]

I am working in 2018 contractors edition Premier, I believe there will be improvements since 2016, in QB

[@HectorGarciaCPA]

Rukhsana Tanwir is the same.

[@ishfaqkhan3918]

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

[@jeanettedunnett8259]

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

[@HectorGarciaCPA]

I don’t think there is any..

[@jeanettedunnett8259]

@@HectorGarciaCPA Thank you for letting me know.

[@rukhone1]

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

[@HectorGarciaCPA]

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

[@rukhone1]

So if I dont modify estimate, I let exceed my expense to estimed expenses

[@mrzsweetgirl]

I need to add items to show in job profitability can you help?

[@HectorGarciaCPA]

Not possible

[@hornsbackflowplumbingservi5865]

Dinosaurs