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How to Track Job Costing 101 in QuickBooks

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How-to-Track-Job-Costing-101-in-QuickBooks

To track job costing 101 in QuickBooks, you can use the various accounting features provided in the software. With job costing, you can focus on tracking the cost of each job in respect to manufacturing. Hence, at the end of the day, you’ll have more relevant data with which you will be able to gain better and more valuable insights. With QuickBooks, you can even track and compare these costs with actual expenses. Further, our certified ProAdvisors will optimize your system for better performance.

Track Job Costing in QuickBooks

To track job costing in QuickBooks, follow the steps provided below:

  1. Create jobs for each customer that you have selected.
  2. Select or create items for tracking jobs. These jobs will be then tracked via customers.
  3. Select expenses and assign them to jobs. All of the expenses including overhead and miscellaneous can be included in this process.
  4. Create estimate of the cost and enter into QuickBooks.
  5. Once done, create invoices for each customer that were included in the whole process.
  6. Create Reports to get valuable insights.

When running reports, make sure that customer is selected. Also, for the customer, there should at least be one job created already. Reports can be created from the reports menu. Make sure to create the Jobs, Time and Mileage Report. You can even go for the Contractor Reports and get more information out of the accounting data.

QuickBooks Accounting Software

Apart from tracking job costing, you can also handle many other accounting tasks with QuickBooks. There are many features and tools available to make the lives of accountants easier. The tools are user friendly and can be learned by non accountants as well. Here are a few more features of QuickBooks that will help you in boosting your productivity:

Reporting

While creating strategies for your organization, it is always better to get valuable insights from data you’ve collected. Most importantly, you should include insights from your accounting data. While manually extracting information can be difficult, you can use the digital reporting tools present inside QuickBooks to create detailed reports. Through these reports you’ll always receive accurate insights.

Inventory

If you’re a retailer, then you can go for QuickBooks POS. With this unique hardware and software solution, you will be able to easily record each inventory item automatically. Further, information about each item in the inventory will be updated automatically.

Payroll

A comprehensive payroll system can help users in managing employees and contractors. Along with making payments, you can also calculate and file taxes with this payroll service. A subscription of Payroll can be purchased directly from Intuit and can be activated in QuickBooks Desktop for an integrated experience.

RepairContact

QuickBooks accounting assistance team is here to help you with job costing. With RepairContact’s QuickBooks help team, you will have a completely configured accounting software with automatic updates. Hence, you won’t encounter any errors while using the software.

To know more, feel free to contact QuickBooks technical assistance helpdesk at ✆+1-800-272-4169(Toll Free.)

See Also What are Best Practices to Track Suspicious Activity in QuickBooks

See Also How to Track Journal Entry in QuickBooks?

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