Projects, Progress Invoicing, and Job Costing in QBO

Learning Objectives

• To practice using QuickBooks Online: Projects, Progress Invoicing & Job Costing.
• To review Standard Legal Notices in the context of Projects, Progress Invoicing, and Job Costing.
• To discuss about settings, progress invoicing, and project management in QuickBooks Online.

Course Description

When you work in the trades, QuickBooks can be daunting. It's cumbersome to take estimates on paper and then transfer them to Excel, Word, or QuickBooks for tracking and billing. Instead, use Estimating Software to make an Estimate, then convert it to a Progress Invoice.

In this CPE QuickBooks Webinar specific to construction and project-based jobs, we’ll cover Estimates, Progress Invoicing, Change orders, taking Deposits, receiving partial Payments, billing for time and materials, and Job Costing.

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.

Key topics covered in this course:

• Projects
• Creating estimates
• How to track change orders
• Progress invoicing
• Taking deposits
• Managing partial payments
• Issuing customer statements
• Making time and materials expenses billable to customers
• Creating Journal Entries for payroll and expense job costing (and class costing)
• Creating $0 Paychecks for the Owner's time
• Running job costing reports

Join this webinar to learn how to streamline your construction and project-based job bookkeeping using QuickBooks Online.

Overview

• What are "Projects"?

  6 mins
• Account and Settings for progress invoicing

  38 mins
• Budgets

  52 mins
• Change orders

  74 mins
• Track time on a task

  94 mins
• QBO's built-in deposits feature

  109 mins
• Tracking open retainage

  123 mins