QBO: FOR PROGRESS INVOICING AND JOB COSTING WITH LATEST UPDATES
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Course Details

Overview of Topics

  • Setting Up QBO for Job Costing2 mins
  • Exploring the Project Center51 mins
  • Estimates, Progress Invoicing, and Receiving Payments67 mins
  • Customes Deposits105 mins
  • Job Costing Your Labor Expenses119 mins
  • Journal Entries, CLasses, and Reports135 mins
  • Budgeting Related QBO149 mins

Course Description

In years past, conventional wisdom said that QuickBooks® Desktop (QBDT) was better suited to construction, while QuickBooks® Online (QBO®) was best used for service-based businesses. While that used to be true, the latest enhancements to QBO have eliminated that distinction. The new Project Center and Labor Costing tools now mean that project-based businesses now have powerful job costing tools, a slick new interface providing an at-a-glance dashboard overview of the financial status of any customer job, and handy one-click reports. QuickBooks Online’s new Projects Center has the tools you need for construction and other project management bookkeeping. QBO helps with cost accounting, including time & materials contracts, and percentage of completion, and at-a-glance profitability reports.

This webinar is specific to construction and project-based jobs and will cover :

  • Estimates
  • Progress Invoicing
  • Change orders
  • Taking Deposits
  • Receiving Partial Payments
  • Billing for time and materials
  • Job Costing 

Recommended for Businesses who work in the field, Businesses that write estimates or bid on jobs, take deposits for work to be performed, take partial payments as work is completed, and want to determine which services and customers make the most profit and also to Bookkeepers and Accountants who wish to brush up on their skills.

Webinar Qualifies for

  • 3.5 CPE credit of Canadian CPAs
  • 3.5 CPE credit of Accounting for all CPAs
  • 3.5 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

  • To explore the new features in QBO for projects.
  • To learn how to create estimates in QBO for projects.
  • To learn how to track change orders in QBO for projects.
  • To learn how to do Progress invoicing in QBO for projects.

About Presenter

A natural teacher, Alicia earned her Master of Arts in Teaching, but instead of turning to the public schools, she developed computer curricula. She blends the skills of technology, the art of communication, the patience of a trainer, the wisdom of a business consultant, and the detailed eye of an obsessive-compulsive to bring you the finest in business solutions.


Founded by Jamie Pollock and Alicia Katz Pollock, Royalwise is an Apple, Microsoft, and Intuit-certified computer training and support company. We are certified to train and support all Apple products, Microsoft Office, QuickBooks on any platform. As a member of the Apple Consultants Network, we are certified by Apple to support all desktop machines running OS X and mobile devices running iOS. We have vast experience with iPads and iPhones, and how to configure and utilize iCloud to sync your data seamlessly.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:30
  • Question 3 : 00:45
  • Question 4 : 01:00
  • Question 5 : 01:15
  • Question 6 : 01:30
  • Question 7 : 01:45
  • Question 8 : 02:00
  • Question 9 : 02:15
  • Question 10 : 02:30
  • Question 11 : 02:45
  1. Progress Invoicing allows you to invoice an Estimate in stages, either ___________or____________.
  2. Projects bring together Estimates, Invoices, Payments, Billable Expenses, Labor Costs, and Job Costing into _____.
  3. What is use of hourly cost rate calculator in QuickBooks online?
  4. Which details the project list can accommodated in QBO projects?
  5. What is the use of status filter for projects in QBO?
  6. How can you find hourly time costs in QBO?
  7. Which one of following can be converted into projects?
  8. How does QBO apply payments received?
  9. When you accept money from your customers as a retainer, what is it called?
  10. Which one of the following is the built-in way to handle customer deposits in QBO?
  11. Which one of the following is the distinctive features T-Sheets provide in QBO?
  1. Overhead includes any unbillable expenses that it takes to manage the employee, like ______.
  2. Which one of the following cost is included in QBO projects?
  3. Whom do you talk to if your gross profit is not positive?
  4. Why a chronological list of every transaction is beneficial?
  5. How to analyze labor cost using time cards in QBO?
  6. Name the project profit and loss report filtered by customer job in QBO?
  7. Time and expenses that are not invoiced are known as_____________.
  8. Sub jobs in QBO projects can be ________ level deep.
  9. Where you can find an estimate & progress invoicing summary?
  10. Which one of the following is the way to create and track changes in your orders in QBO?
  11. Which are the ways to handle customer deposits in QBO?
  12. The method of managing Customer Deposits on work to be performed enters the Deposit in QBO as a retainer, and not as the first payment. This allows user to track ________.
  13. By making the Income account the new Liability Account, the money will go to user’s _________.
  14. ____ is the time-tracking app that works right inside QuickBooks Online.
  15. Job costing should include ____________.
  16. An alternative to using QBO’s built-in tools is to create __________to allocate expenses in Payroll, Materials, and other overhead categories.
  17. Creating a Credit Memo to apply to an Invoice as a Payment allows user to _________ in QBO.
  18. __________ means to compare the income from a job to its incurred expenses.

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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  • Cost $35
  • CPE Credits 3.5
  • Subject Area Accounting
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date September 14 ,2020
  • Published Date September 14 ,2020
  • Who should attend? Bookkeeper Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm CPA (Industry) Young CPA CPA in Business Entrepreneurial CPA Accounting Practice Owners Finance Director Senior Accountant VP Accounts Accounts Director VP Finance Cloud Accountants Entrepreneurial Accountant Accounting Managers Staff of Accounting Firm
  • Handout Material Download
  • Key Terms Download

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HOW TO MAXIMIZE THE IMPACT OF CARES ACT
Wednesday, September 16, 2020 View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Wednesday, September 16, 2020 View Details/Register
QUICKBOOKS ONLINE FOR ACCOUNTANTS WORK CENTRE - MANAGING YOU PRACTICE
Wednesday, September 09, 2020 View Details/Register
QBO RUNNING REPORTS - INFORMATION, ANALYSIS & BETTER DECISION
Monday, September 14, 2020 View Details/Register
CREDIT CARDS IN QBO - SEAMLESS PAYMENTS FROM CLIENT
Monday, September 14, 2020 View Details/Register
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Thursday, September 10, 2020 View Details/Register
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Thursday, August 27, 2020 View Details/Register
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Tuesday, September 08, 2020 View Details/Register
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Thursday, September 03, 2020 View Details/Register
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Tuesday, September 01, 2020 View Details/Register
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Tuesday, September 01, 2020 View Details/Register
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Monday, August 17, 2020 View Details/Register
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Thursday, August 27, 2020 View Details/Register
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Tuesday, August 25, 2020 View Details/Register
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Friday, August 21, 2020 View Details/Register