4. B) When you “create” items, you will be required to select Expense/Income accounts for summarizing “purchasing” and “sales” activities. These designations also dictate where the transactions will appear on your Profit & Loss Reports. A) Use the “Items” tab for job-related/direct costs. This method will produce more accurate job-costing reports in QuickBooks.
9. When creating or editing an account, be sure to mark the “Subaccount of” box Job Labor Costs Professional Services Example 2 Example 1 Use “SubAccounts” for Departments
10. Truck 1 / Truck 2 NE Office / SW Office Example 2 Example 1 Use “Class” for Locations
14. Tracking SubContractors When creating a new vendor: 1. Select the “Additional Info” tab 2. Select the “Vendor Type” 3. Create two custom fields: a. Liability Insurance b. Workers Comp
15. Reports Center - Job-Costing (QuickBooks Premier & Enterprise – ONLY)