Job Costing QuickBooks Online - Contractors
4.4 (9 ratings)
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.
5,129 students enrolled

Job Costing QuickBooks Online - Contractors

Learn job costing in QuickBooks Online from a practicing CPA
4.4 (9 ratings)
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.
5,129 students enrolled
Last updated 3/2020
English
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 5.5 hours on-demand video
  • 1 article
  • 1 downloadable resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
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
  • How to create an invoice from an estimate
Requirements
  • None - QuickBooks generally provide a free 30 trial (great tool)
Description

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

We will discuss the process of setting up QuickBooks 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 21 lectures 05:17:28
+ Set Up Jobs / Projects, Billable Expenses & Items
5 lectures 45:56
516 Settings Billable Expenses
06:27
518 Add Projects
06:28
519 1 Add Cost of Goods Sold Accounts
12:56
519 2 Add Items Products & Services
14:23
+ Enter Beginning Balances for Jobs & Accounts
3 lectures 48:05
520 Enter Beginning Balances For Jobs & Accounts Part 2
17:14
521 Enter Beginning Balances For Jobs & Accounts Part 2
18:09
523 Enter Beginning Balances Other Accounts
12:42
+ Applying Raw Materials to Jobs
3 lectures 44:41
525 Purchase Raw Materials On Account
08:37
530 Raw Materials Used & Applied to Job
17:42
531 Raw Materials Used & Applied to Job Part 2
18:22
+ Applying Direct Labor to Jobs
1 lecture 15:59
540 Apply Direct Labor Cost to Jobs
15:59
+ Applying Overhead to Jobs
2 lectures 45:00
545 Apply Overhead to Jobs
17:50
546 Apply Overhead to Jobs Part 2
27:10
+ Completing Job and Creating Invoice
1 lecture 21:30
550 Record Completion of Job & Invoicing
21:30
+ Making Job Estimates
1 lecture 15:38
565 Job Project Estimates
15:38
+ Theory Practice Problems in Excel
2 lectures 01:03:26
120 Excel Problem Tracking WIP
32:51
135 Excel Problem Tracking COGS
30:35