Job Costing - How do I do it?

[Austin Hanse]

Hi Everyone! I am looking for any advice on job cost accounting software. I currently use QB Online but they don't have a job costing feature, only workarounds for now. I have done a little research on companies that integrate with QB and can track project costs specifically. What I'd like to do is create Projects/Jobs for each project I am working on and track expenses under these projects. I would also like to create a Project/Job for Overhead so I can track my admin and overhead costs. A Profit Loss statement is nice, but I'd like to get more detailed. Any recommendations or advice is much appreciated.

Disclaimer: I do not own any properties yet but do own a small landscaping company which is what I am asking this question for. However, I will be investing in multi-families soon and would like to apply this same accounting method for the properties as well.

[Alan Rohrer]

@Austin Hanse

Have you heard of "Quickbooks Projects"? It is available for Quickbooks Online Plus accounts. 

It allows you to assign costs (even hours) to various jobs you set up. Also allows you to run job specific reports. Depending on how you plan to allocate your overhead (for instance- if hours are you main cost driver), you may want to integrate with some other apps on the platform.

You may want to speak to an accountant that has worked with implementing these types of systems (apps + job/project costing + class tracking) as they could help point you in the right direction. 

Hope this helps! Here's a link to what I was talking about:

https://community.intuit.com/articles/1549960