Overview
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Define Products and Services
23 mins
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The Projects Center
27 mins
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Estimates on an iPad app
50 mins
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Customer Deposits as a Liability
67 mins
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Job Costing Using $0 Checks
92 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 CPE webinar for CPAs is specific to construction and project-based jobs and covers following Key Topics:
- Estimates
- Progress Invoicing
- Change orders
- Taking Deposits
- Receiving Partial Payments
- Billing for time and materials
- Job CostingÂ
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.
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.
Who Should Attend?
- Accountant
- Accounting Firm
- Bookkeeper
- Certified Management Accountant (CMA)
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Senior Accountant
- Tax Accountant (Industry)
- Young CPA