Job Expense

In QuickBooks Online (QBO), the Project feature works like Job Costing in QuickBooks Desktop.Yes, you can create a dummy customer for tracking projects. QBO will allow you to do this. On the other hand, you can also use the Class tracking feature to help track income, expenses, or profitability by business segment.

Go to the Lists menu, and select Chart of Accounts. Click the Account button, and then select New. Select Other Current Asset for the account type. Click Continue. For the Account Name, you can put Work in Progress.

Step 1: Track Expenses by Customer. Step 2: Update Setting On Your Customer List. Step 3: Adjust Settings on Products & Services. Step 4: Submit Estimates and Invoices.

Select Lists, then Payroll Item List. Right-click the Payroll Item, then select Edit Payroll Item. Select Track Expenses by Job. (It's important to follow the above steps to set up job costing preferences. Select Next until you can select Finish. Repeat for each payroll item that you want to track.

To track expenses by customer, you'll first need to adjust your expense tracking preferences in the Company Settings. Click the Company Name and/or Gear Icon in the top right hand corner of your QuickBooks Online Screen, then click Company Settings. Don't forget to hit the Save button as you make your changes.

Go to the Lists menu, then select Chart of Accounts. From the Account 25bcdrop-down, select New. Select Expense as the account type. Press on Continue. Complete the account details. Select Save & Close.

Reports menu > Jobs, Time & Mileage reports. Run Job Profitability Detail for one job. Run Job Profitability Summary, to see all jobs summarized.

Step 1: Set up a Customer:Job for each of your job. Step 2: Assign all your expenses to jobs. Step 3: Enter your estimates in QuickBooks Desktop. Step 4: Create appropriate invoices. Step 5: Run job costing reports to see how your business is doing on a job-by-job basis.