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Nashville 2018 Construction Monthly

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SIMPLE GUIDE TO IMPLEMENT JOB COSTING ... CONTINUED<br />

It is equally important to keep in mind that whenever you<br />

create or edit payroll items in the QuickBooks software,<br />

one checkbox “Track Expenses” is being displayed on the<br />

desktop. On selecting this checkbox, QuickBooks desktop<br />

shifts all the items on employees paychecks just the<br />

way it does company-paid taxes.<br />

QUICK POINTS TO<br />

REMEMBER WHILE<br />

IMPLEMENTING JOB<br />

COSTING IN QUICKBOOKS<br />

Commitment to understanding the perks job costing going<br />

to offer to your business.<br />

• Enabling Estimates in your QuickBooks software and<br />

also selecting Yes under “Do you create estimates?”<br />

and “Do you use progress invoicing?”.<br />

• Assigning Expense Account to subcontractor items<br />

to make fetching of working hours easy and hassle-free.<br />

• Create jobs for your business by noticing each and<br />

every expense that you need to pay while serving<br />

customers.<br />

• Use Estimates and Progress Invoicing to change orders<br />

correctly and consistently right after knowing<br />

the issues.<br />

Without asking for extra expense and effort and integrating<br />

into the ongoing accounting software, Job costing<br />

let you have the rewards of enabling cost tracker for<br />

manufacturing jobs and saves you from the long process<br />

of calculating.<br />

Tina Smith is an accountant with SageNext Infotech.<br />

She is having expertise in project management, accounting<br />

operations. With SageNext, she consults the<br />

client accountants about the benefits of QuickBooks<br />

Server. SageNext is a leading accounting and tax application<br />

hosting provider like Sage 50 hosting, Drake<br />

hosting and so on.<br />

Author: http://EzineArticles.com/expert/Tina_S_Smith/1671325<br />

Article Source: http://EzineArticles.com/9864523<br />

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