Job Cost-QuickBooks Online vs Xero Job Costing–Projects
4.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,255 students enrolled

Job Cost-QuickBooks Online vs Xero Job Costing–Projects

Learn job costing using top accounting software from a practicing CPA
4.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,255 students enrolled
Last updated 3/2020
English
English [Auto-generated]
Current price: $119.99 Original price: $199.99 Discount: 40% off
23 hours left at this price!
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This course includes
  • 9.5 hours on-demand video
  • 2 articles
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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
Requirements
  • None-Both QuickBooks Online and Xero generally provide a free 30 trial (great tool for us)
Description

This QuickBooks Online and Xero Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools these top accounting software packages provide to create an effective job costing system.

We will discuss the process of setting up QuickBooks & Xero 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 a 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
Course content
Expand all 42 lectures 09:36:39
+ Set Up Jobs / Projects, Billable Expenses & Items
10 lectures 01:32:26
QuickBooks 515 Jobs, Sub Customers, Projects
05:42
Xero 7 Turn On Projects
01:54
Xero 8 Create a Bank Account
05:53
Xero 515 Jobs, Sub Customers, Projects
12:33
QuickBooks 516 Settings Billable Expenses
06:27
QuickBooks 518 Add Projects
06:28
QuickBooks 519 1 Add Cost of Goods Sold Accounts
12:56
QuickBooks 519 2 Add Items Products & Services
14:23
Xero 519 1 Add COGS Accounts
13:52
Xero 519 2 Add Items Products & Services
12:18
+ Enter Beginning Balances for Jobs & Accounts
7 lectures 01:40:59
QuickBooks 520 Enter Beginning Balances For Jobs & Accounts Part 2
17:14
Xero 520 Enter Beginning Balances For Jobs & Accounts Part 1
17:58
QuickBooks 521 Enter Beginning Balances For Jobs & Accounts Part 2
18:09
Xero 521 Enter Beginning Balances For Jobs & Accounts Part 2
11:20
Xero 522 Project Reports
09:23
QuickBooks 523 Enter Beginning Balances Other Accounts
12:42
Xero 523 Enter Beginning Balances Other Accounts
14:13
+ Applying Raw Materials to Jobs
6 lectures 01:34:20
QuickBooks 525 Purchase Raw Materials On Account
08:37
Xero 525 Purchase Raw Materials On Account
09:42
QuickBooks 530 Raw Materials Used & Applied to Job
17:42
Xero 530 Raw Materials Used & Applied to Job Part 1
20:50
QuickBooks 531 Raw Materials Used & Applied to Job Part 2
18:22
Xero 531 Raw Materials Used & Applied to Job Part 2
19:07
+ Applying Direct Labor to Jobs
2 lectures 33:03
QuickBooks 540 Apply Direct Labor Cost to Jobs
15:59
Xero 540 Apply Direct Labor Cost to Jobs
17:04
+ Applying Overhead to Jobs
4 lectures 01:37:17
QuickBooks 545 Apply Overhead to Jobs
17:50
Xero 545 Apply Overhead to Jobs
18:13
QuickBooks 546 Apply Overhead to Jobs Part 2
27:10
Xero 546 to Jobs Part 2
34:04
+ Completing Job and Creating Invoice
2 lectures 31:30
QuickBooks 550 Record Completion of Job & Invoicing
21:30
Xero 550 Record Completion of Job & Invoicing
10:00
+ Making Job Estimates
4 lectures 43:08
QuickBooks 565 Job Project Estimates
15:38
Xero 565 Add Estimated Expresses
08:09
Xero 567 Categorize Expenses to Estimates
04:00
Xero 570 Custom Reports
15:21
+ Theory Practice Problems in Excel
2 lectures 01:03:26
120 Excel Problem Tracking WIP
32:51
135 Excel Problem Tracking COGS
30:35