DESCRIPTION
Do your clients need to track job profitability in their QuickBooks Desktop software? In this webinar you will learn how to help your clients setup QuickBooks Desktop properly to track the costs for work performed on jobs and how to track the billings to their clients for these costs.
Learning Objectives:
- Learn how to maximize the use of all of the list in QuickBooks that can help segment reporting on job profitability
- Review the variety of Customer and Customer:Job structure setups in QuickBooks for different industry needs
- Learn the importance of an estimate in QuickBooks when wanting to report on budget vs. actual amounts
- Discover the many ways to track job costs successfully, maximizing the results in the job costing reports
- Learn how to track inventory costs without having to manage true inventory process when inventory is not a significant expense of the operations of the business
- Review the variety of job costing reports, including reports that are only available with QuickBooks Enterprise
Topics Covered in this Session:
- Quick review of the many lists in QuickBooks, and how to best use them for job costing details
- Considerations when setting up customers and jobs, discussion of industry specific needs
- Creating an estimate for a job to track costs vs. budget amounts
- Properly recording material, labor and other costs for jobs
- Handling inventory of materials, when true inventory management is not needed
- Reporting on job profitability, including reports unique to QuickBooks Enterprise
Who Will Benefit:
- Practicing CPAs, and CPAs in industry responsible for working with clients that use QuickBooks financial software.
