Job Cost QuickBooks Online vs QuickBooks Desktop–Contractor

Compare desktop and online job costing terminology—jobs, sub customers, and projects—and explain why projects offer more functionality for profitability and labor cost tracking.

Set up jobs, items, and accounts in QuickBooks Desktop to track cost of goods sold, create sub-accounts for factory overhead, and link items to COGS for job costing.

Enter job estimates in QuickBooks desktop, detailing direct materials, direct labor, and overhead with a 30% markup, and compare estimates to actual costs in job reports.

Explore QuickBooks Online settings for billable expenses, turn on make expenses and items billable, and learn to mark expenses as billable and pull them into invoices for specific customers.

Learn how to add projects in QuickBooks Online, assign them to a customer, track income, costs, and profit, and manage time entries, estimates, and invoices.

Configure cost of goods sold accounts in QuickBooks Online for job costing, setting up chart of accounts with materials, direct materials, direct labor, and overhead subaccounts under a materials parent.

Learn how to add items and services in QuickBooks Online, configure double-sided items, and map them to income accounts and cost of goods sold for job costing.

Enter beginning balances for jobs and accounts in QuickBooks Online, detailing direct materials, direct labor, and factory overhead, and review effects on balance sheet, income statement, and project reports.

Record beginning balances for job 15 in QuickBooks Online, including direct materials, direct labor, and factory overhead, in one transaction to connect job costing with financial statements.

Enter beginning balances for other accounts in quickbooks online vs desktop contractor, adjusting cash, equipment, depreciation, accounts payable, and retained earnings via journal entries for balance sheet accuracy.

Enter and adjust beginning balances for jobs and accounts in QuickBooks Desktop, detail job costs by materials and overhead, create a journal entry, and review trial balance and job reports.

Record raw materials purchased on account in QuickBooks Online with a bill that increases raw materials and accounts payable. Understand holding the materials before allocating them to jobs.

Record the purchase of raw materials on account in quickbooks desktop, debiting raw materials inventory and crediting accounts payable, then allocate to jobs to affect cost of goods sold.

Allocate raw materials to jobs in QuickBooks Online, transferring direct materials from raw materials to cost of goods sold, and allocate to multiple jobs with a clearing and reconciliation.

Demonstrates applying raw materials to multiple jobs in QuickBooks Online, recording cost of goods sold via journal entries, and tracking project profitability across QuickBooks Online and QuickBooks Desktop.

Record and apply raw materials to specific jobs, reconciling direct materials used with cost of goods sold and updating job cost sheets in QuickBooks.

Apply direct labor to specific jobs in QuickBooks Online, allocating 218,000 across jobs 14, 15, and 16 via journal entries and cost of goods sold, with payroll and contractor considerations.

Record direct labor costs in QuickBooks Desktop, allocate them to specific jobs via direct labor items, and post to cost of goods sold to enable job cost visibility.

Allocate factory overhead to open jobs in QuickBooks Online using a predetermined overhead rate, recording journal entries to move indirect labor and materials to cost of goods sold.

Apply overhead to jobs in QuickBooks Online using a percentage method to allocate indirect materials, utilities, rent, and depreciation to each job for cost of goods sold.

Apply factory overhead to jobs in QuickBooks desktop by using overhead accounts and service items to allocate indirect labor, materials, utilities, rent, and depreciation to open jobs.

Learn how to close a completed job in QuickBooks Online, bill for it, allocate costs to cost of goods sold, apply a 30% markup, and generate the invoice.

Record the completion of a job and generate an invoice in QuickBooks Desktop, posting cost of goods sold, markup, and accounts receivable while reconciling job costs with reports.

Learn how to enter a project estimate in QuickBooks Online and compare it to actual costs and invoices. See how statuses, line items, costs, and markup shape billing and budgeting.

Learn to track job costs with Excel and QuickBooks using work in process, direct materials, direct labor, and factory overhead, and reconcile to the general ledger and job sheets.

compare direct to cost of goods sold with work in progress in excel and quickbooks, track costs via job sheets, and reconcile overhead allocations.