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QBO Video Courses

Projects, Progress Invoicing, Job Costing


Course
Alicia Katz Pollock

QuickBooks Online’s Projects Center has new tools for construction and project management bookkeeping, including Estimates, Progress Invoicing, and Job Costing.

Course Description

When you work in the trades, QuickBooks® may seem daunting. However, QuickBooks Online’s new Projects Center has the tools you need for construction and other project management bookkeeping.

Royalwise has designed this class to be specific to construction and project-based jobs. QBO helps with cost accounting, including time & materials contracts, percentage of completion, and at-a-glance profitability reports. We’ll cover Estimates, Progress Invoicing, Change orders, taking Deposits, receiving partial Payments, billing for time and materials, and Job Costing.

Sign up now so you can learn to confidently use the amazing new Projects Center to quickly and easily manage all of your finances and transactions, making it easy to stay organized, run reports, and track your progress.

Instructional Level

Intermediate through Advanced 

Course Length

2 hours 

Course Credits

2 CPE, Certificate of Completion

Field of Study

Accounting

Delivery Method

QAS- Self Paced

Prerequisites 

 

Who should take this course?

  • Businesses who work in the field
  • Businesses that write estimates or bid on jobs, take deposits for work to be performed, take partial payments as work is completed, and want to determine which services and customers make the most profit
  • Bookkeepers and Accountants who wish to brush up on their skills

What You’ll Learn

  • Projects
  • Creating estimates
  • Closing estimates
  • Converting estimates to invoices
  • How to track change orders
  • Doing progress invoicing
  • Taking deposits
  • Taking partial payments
  • Issuing customer statements
  • Making bank deposits
  • Making time and materials expenses billable to customers
  • Creating Journal Entries for payroll and expense job costing (and class costing)
  • Creating $0 Paychecks for Owner's time
  • Running job costing reports

 

For more information regarding concerns, refunds, and program cancellation policies, visit our Terms and Conditions.

Here is the course outline:

1. Download the Handout

Download the handout that goes with the course.

pageText Download the handout here

2. Introduction

In this class specific to construction and other service-related businesses, we’ll cover Projects, Estimates, Progress Invoicing, Change Orders, taking Deposits, receiving partial Payments, and Job Costing.

pageText Introduction

3. Setting QBO up for Projects

Watch these videos on Settings, Products & Services, Materials, and Hourly Cost Rates.

pageText QBO Settings
pageText Defining the Products and Services List
pageText Hourly Cost Rate

4. The Project Center Interface and Navigation

Watch this video to learn about the Project Center Interface and navigation.

pageText The Project Center Interface and Navigation

5. Project Bookkeeping

Here are the daily workflows for managing your customer invoicing.

pageText Creating a Project
pageText Estimates
pageText Progress Invoicing
pageText Receiving Payments
pageText Sending Statements
pageText Change Orders
pageText Taking Deposits on Work to Be Performed

6. Time & Labor Costing, and Job Costing

Watch these videos to learn all about Time and Labor Costing, and Job Costing.

pageText Time and Labor Costing
pageText Job Costing

7. Tracking Tools

Watch this video to learn about Tracking Tools within the Project Center.

pageText Additional Tracking Tools: Classes and Budgets

8. Project Reporting

Running reports to track your projects and job costing.

pageText Project Profitability Reports
pageText Additional Customer and Service Reports

9. Conclusion

Some helpful tips to conclude the Project Center.

pageText Conclusion

10. Quiz

Take this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points!

quiz Projects and Job Costing Quiz

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate
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