Job Costing in QuickBooks: A Step-by-Step Guide
                     Job Costing in QuickBooks
Track Profitability with Precision
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Overview
1. What is Job Costing?
2. Why Job Costing Matters?
3. Job Costing Features in QuickBooks
4. Setting Up Job Costing in QuickBooks
5. Recording Job Costs
6. Estimating and Budgeting Jobs
7. Job Costing Reports in QuickBooks
8. Common Mistakes to Avoid
9. Tips for Accurate Job Costing
10. Benefits of Using QuickBooks for Job Costing
11. Conclusion
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  What is Job Costing?
● A method to track all costs associated with a specific job or project
● Helps determine job profitability
● Essential for industries like construction, consulting, manufacturing
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  Why Job Costing Matters?
● Identify profitable and unprofitable jobs
● Make data-driven pricing decisions
● Track labor, materials, and overhead accurately
● Improve budgeting and forecasting
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Job Costing Features 
in QuickBooks
●Track expenses by customer/job
●Time tracking and payroll integration
●Customizable reports: Job Profitability Summary, Job Estimates vs. Actuals
●Assign costs to jobs easily from bills, checks, and timesheets
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Setting Up Job 
Costing in 
Steps 1: Turn on Job Costing Preferences
QuickBooks
Step 2: Set up Customer:Job structure
Step 3: Enable Items and Services
Step 4: Use Classes/Projects for better trackingS
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Recording Job Costs
● Use Bills/Checks to allocate costs to jobs
● Track Employee Time with Weekly Timesheets
● Assign expenses using Items, not just accounts
● Categorize labor, materials, and subcontractor costs
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Estimating and 
Budgeting Jobs
● Create Estimates in QuickBooks
● Use Estimates vs Actuals Reports
● Refine future job bids based on real data
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Job Costing Reports in 
QuickBooks
● Job Profitability Summary
● Job Profitability Detail
● Unbilled Costs by Job
● Time by Job Summary
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Common Mistakes to 
A● vNot ousinig Idtems for all job-related transactions
● Forgetting to assign expenses to jobs
● Not reviewing reports regularly
● Skipping job setup or missing job details
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Tips for Accurate Job 
C● oKeeps rectordis nconsgistent and updated
● Train staff on correct job assignment practices
● Reconcile job costs monthly
● Use memorized reports and dashboards
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Benefits of Using 
QuickBooks for Job 
C● oCentsralitzedi dnata g
● Time-saving automation
● Accurate profitability insights
● Integration with payroll and third-party tools
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Conclusion
Businesses are able to monitor and examine the expenses related to particular works thanks 
to job costing, which offers a detailed perspective of project profitability. Better resource 
allocation, more precise pricing, and increased client communication are all made possible 
by this approach, which eventually improves financial performance and business choices.
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THANK YOU
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