QBO: For Progress Invoicing And Job Costing With Latest Updates

Learning Objectives

• To recall the new features in QBO for projects.
  
• To recognize how to track change orders in QBO for projects.
• To Identify how to do Progress invoicing in QBO for projects.

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 CPE webinar for CPAs is specific to construction and project-based jobs and covers the following Key Topics:

• 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.

Overview

• Alternatives

  2 mins
• Define Products and Services

  23 mins
• The Projects Center

  27 mins
• Estimates

  41 mins
• Estimates on an iPad app

  50 mins
• Customer Deposits as a Liability

  67 mins
• Job Costing Using $0 Checks

  92 mins