Job Cost-QuickBooks Online vs Xero Job Costing–Projects
WHO CAN ACCESS THIS COURSE :-
- 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
WHAT ARE YOUR REQUIREMENTS FOR THIS COURSE ?
- None-Both QuickBooks Online and Xero generally provide a free 30 trial (great tool for us)
WHAT YOU ARE GOING TO LEARN FROM THIS COURSE ?
- 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
This QuickBooks Online and Xero Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools these top accounting software packages provide to create an effective job costing system.
We will discuss the process of setting up QuickBooks & 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.
- 9 sections • 42 lectures • 9h 36m total length
Introduction5 lectures • 20min
- 5 Create QuickBooks Online AccountPreview05:20
- Xero 5 Create Xero AccountPreview03:16
- QuickBooks Documents To Download00:00
- Xero Documents to Download00:00
- QuickBooks 10 Project OverviewPreview11:52
Set Up Jobs / Projects, Billable Expenses & Items10 lectures • 1hr 32min
- QuickBooks 515 Jobs, Sub Customers, Projects05:42
- Xero 7 Turn On Projects01:54
- Xero 8 Create a Bank Account05:53
- Xero 515 Jobs, Sub Customers, Projects12:33
- QuickBooks 516 Settings Billable Expenses06:27
- QuickBooks 518 Add Projects06:28
- QuickBooks 519 1 Add Cost of Goods Sold Accounts12:56
- QuickBooks 519 2 Add Items Products & Services14:23
- Xero 519 1 Add COGS Accounts13:52
- Xero 519 2 Add Items Products & Services12:18
Enter Beginning Balances for Jobs & Accounts7 lectures • 1hr 41min
- QuickBooks 520 Enter Beginning Balances For Jobs & Accounts Part 217:14
- Xero 520 Enter Beginning Balances For Jobs & Accounts Part 117:58
- QuickBooks 521 Enter Beginning Balances For Jobs & Accounts Part 218:09
- Xero 521 Enter Beginning Balances For Jobs & Accounts Part 211:20
- Xero 522 Project Reports09:23
- QuickBooks 523 Enter Beginning Balances Other Accounts12:42
- Xero 523 Enter Beginning Balances Other Accounts14:13
Applying Raw Materials to Jobs6 lectures • 1hr 34min
- QuickBooks 525 Purchase Raw Materials On Account08:37
- Xero 525 Purchase Raw Materials On Account09:42
- QuickBooks 530 Raw Materials Used & Applied to Job17:42
- Xero 530 Raw Materials Used & Applied to Job Part 120:50
- QuickBooks 531 Raw Materials Used & Applied to Job Part 218:22
- Xero 531 Raw Materials Used & Applied to Job Part 219:07
Applying Direct Labor to Jobs2 lectures • 33min
- QuickBooks 540 Apply Direct Labor Cost to Jobs15:59
- Xero 540 Apply Direct Labor Cost to Jobs17:04
Applying Overhead to Jobs4 lectures • 1hr 37min
- QuickBooks 545 Apply Overhead to Jobs17:50
- Xero 545 Apply Overhead to Jobs18:13
- QuickBooks 546 Apply Overhead to Jobs Part 227:10
- Xero 546 to Jobs Part 234:04
Completing Job and Creating Invoice2 lectures • 32min
- QuickBooks 550 Record Completion of Job & Invoicing21:30
- Xero 550 Record Completion of Job & Invoicing10:00
Making Job Estimates4 lectures • 43min
- QuickBooks 565 Job Project Estimates15:38
- Xero 565 Add Estimated Expresses08:09
- Xero 567 Categorize Expenses to Estimates04:00
- Xero 570 Custom Reports15:21
Theory Practice Problems in Excel2 lectures • 1hr 3min
- 120 Excel Problem Tracking WIP32:51
- 135 Excel Problem Tracking COGS30:35