Xero Job Costing – Projects
4.3 (15 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.
15,062 students enrolled

Xero Job Costing – Projects

Learn job costing using Xero from a practicing CPA
4.3 (13 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.
15,062 students enrolled
Last updated 3/2020
English
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
23 hours left at this price!
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This course includes
  • 5.5 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 Xero
  • 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 - Xero generally provides a free 30 day trial (great tool)
Description

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

We will discuss the process of setting up 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 24 lectures 05:22:38
+ Enter Beginning Balances for Jobs & Accounts
5 lectures 52:54
Documents To Download
00:00
520 Enter Beginning Balances For Jobs & Accounts Part 1
17:58
521 Enter Beginning Balances For Jobs & Accounts Part 2
11:20
522 Project Reports
09:23
523 Enter Beginning Balances Other Accounts
14:13
+ Applying Raw Materials to Jobs
3 lectures 49:39
525 Purchase Raw Materials On Account
09:42
530 Raw Materials Used & Applied to Job Part 1
20:50
531 Raw Materials Used & Applied to Job Part 2
19:07
+ Applying Direct Labor to Jobs
1 lecture 17:04
540 Apply Direct Labor Cost to Jobs
17:04
+ Applying Overhead to Jobs
2 lectures 52:17
545 Apply Overhead to Jobs
18:13
546 Apply Direct Labor to Jobs Part 2
34:04
+ Completing Job and Creating Invoice
1 lecture 10:00
550 Record Completion of Job & Invoicing
10:00
+ Making Job Estimates
2 lectures 12:09
565 Add Estimated Expresses
08:09
567 Categorize Expenses to Estimates
04:00
+ Custom Report
1 lecture 15:21
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