I posted this query under another thread about a similar thing, but haven't had a reply so thought I'd post separately.
I am about to start using Jobs in Quickbooks for a Project Management firm I have as a client. It looks fairly straightforward but someone in the other thread said it doesn't cope with it completely and I was wondering what the restrictions were (or indeed, what they meant exactly). Anyone any ideas?
We use QuickBooks Online and we find Job costing very simple in QBO.
there are 2 methods which I found on :
1) The Class method (can use this if you have QuickBooks Plus)
* Go to the company setting page 'gear cog' on the top right and switch on 'Classes' under 'company settings' tab. Save.
* Now go to the settings cog again but this time navigate to 'lists' > Class Lists > New and set the name of the job as a class.
*Every time you enter a transaction, you can assign the job or 'Class' to it,
*Job profitability- run the P&L report, > Customise > add Class filter to report. Save customised report. You can get a break down, profitability and other info by simply using the class filter on reports.
*I you want to create budgets and compare actuals to a budget, you can create a budget against classes - we use this often so our client can manage the budgeting element of each job/project
