Learn job costing in QuickBooks Online from a practicing CPA
This course includes:
- 5.5 hours of on-demand video
- 1 article
- 1 downloadable resource
- Full lifetime access
- Access on mobile and TV
- Certificate of completion
4.1
(47 ratings)
24,025 students
Created by Robert (Bob) Steele
What you’ll learn
- How to set up a job costing system using QuickBooks Online
- How to enter job or project estimates
- How to create jobs or projects
- How to bill for jobs or projects
- How to set up two-sided or double-sided items
- How to apply materials to jobs or projects
- How to apply direct labor to jobs or projects
- How to apply overhead to jobs or projects
- How to create an invoice from actual costs
- How to create an invoice from an estimate
Requirements
- None – QuickBooks generally provide a free 30 trial (great tool)
Description
This QuickBooks Online Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools QuickBooks provides to create an effective job costing system.
We will discuss the process of setting up QuickBooks for a job costing system.
The course will describe the terminology used by software and by the industry, such as jobs, sub-customers, and projects.
Learners will understand how to set up projects and how they function to track costs and revenue per job.
We will cover how to enter bills and allocate costs to jobs using forms such as bill forms and expense forms.
The course will discuss the concept of double-sided or two-sided items, how to create them, and why they are necessary for job costing.
Learners will know how to apply materials to jobs.
We will discuss how to apply direct labor to a job.
The course will show how to apply overhead to jobs.
Learners will be able to create invoices for the job using either the estimate or the actual billed costs.
Who this course is for:
- Business professionals in an industry using job costing
- Accounting professionals who want to learn job costing
- Students who want to apply job costing concepts to accounting software
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Course content
9 sections • 21 lectures • 5h 17m total lengthCollapse all sections
Introduction3 lectures • 17min
- 5 Create QuickBooks Online AccountPreview05:20
- Documents To Download00:00
- 10 Project OverviewPreview11:52
Set Up Jobs / Projects, Billable Expenses & Items5 lectures • 46min
- 515 Jobs, Sub Customers, ProjectsPreview05:42
- 516 Settings Billable Expenses06:27
- 518 Add Projects06:28
- 519 1 Add Cost of Goods Sold Accounts12:56
- 519 2 Add Items Products & Services14:23
Enter Beginning Balances for Jobs & Accounts3 lectures • 48min
- 520 Enter Beginning Balances For Jobs & Accounts Part 217:14
- 521 Enter Beginning Balances For Jobs & Accounts Part 218:09
- 523 Enter Beginning Balances Other Accounts12:42
Applying Raw Materials to Jobs3 lectures • 45min
- 525 Purchase Raw Materials On Account08:37
- 530 Raw Materials Used & Applied to Job17:42
- 531 Raw Materials Used & Applied to Job Part 218:22
Applying Direct Labor to Jobs1 lecture • 16min
- 540 Apply Direct Labor Cost to Jobs15:59
Applying Overhead to Jobs2 lectures • 45min
- 545 Apply Overhead to Jobs17:50
- 546 Apply Overhead to Jobs Part 227:10
Completing Job and Creating Invoice1 lecture • 22min
- 550 Record Completion of Job & Invoicing21:30
Making Job Estimates1 lecture • 16min
- 565 Job Project Estimates15:38
Theory Practice Problems in Excel2 lectures • 1hr 3min
- 120 Excel Problem Tracking WIP32:51
- 135 Excel Problem Tracking COGS30:35
