Course curriculum

  • 01

    Introduction

    • 5 Create QuickBooks Online Account

    • 5 Create Xero Account

    • QuickBooks Documents to Download

    • Xero Documents to Download

    • Quickbooks 10 Project Overview

  • 02

    Set Up Jobs / Projects, Billable Expenses & Items

    • Quickbooks 515 Jobs, Sub Customers, Projects

    • 7 Xero Turn On Projects

    • 8 Xero Create a Bank Account

    • Xero 515 Jobs, Sub Customers, Projects

    • Quickbooks 516 Settings Billable Expenses

    • Quickbooks 518 Add Projects

    • Quickbooks 519 1 Add Cost of Goods Sold Accounts

    • Quickbooks 519 2 Add Items Products & Services

    • Xero 519 1 Add COGS Accounts

    • Xero 519 2 Add Items Products & Services

  • 03

    Enter Beginning Balances for Jobs & Accounts

    • Quickbooks 520 Enter Beginning Balances For Jobs & Accounts Part 2

    • Xero 520 Enter Beginning Balances For Jobs & Accounts Part 1

    • Quickbooks 521 Enter Beginning Balances For Jobs & Accounts Part 2

    • Xero 521 Enter Beginning Balances For Jobs & Accounts Part 2

    • Xero 522 Project Reports

    • Quickbooks 523 Enter Beginning Balances Other Accounts

    • Xero 523 Enter Beginning Balances Other Accounts

  • 04

    Applying Raw Materials to Jobs

    • Quickbooks 525 Purchase Raw Materials On Account

    • Xero 525 Purchase Raw Materials On Account

    • Quickbooks 530 Raw Materials Used & Applied to Job

    • Xero 530 Raw Materials Used & Applied to Job Part 1

    • Quickbooks 531 Raw Materials Used & Applied to Job Part 2

    • Xero 531 Raw Materials Used & Applied to Job Part 2

  • 05

    Applying Direct Labor to Jobs

    • Quickbooks 540 Apply Direct Labor Cost to Jobs

    • Xero 540 Apply Direct Labor Cost to Jobs

  • 06

    Applying Overhead to Jobs

    • Quickbooks 545 Apply Overhead to Jobs

    • Xero 545 Apply Overhead to Jobs

    • Quickbooks 546 Apply Overhead to Jobs Part 2

    • Xero 546 Apply Direct Labor to Jobs Part 2

  • 07

    Completing Job and Creating Invoice

    • Quickbooks 550 Record Completion of Job & Invoicing

    • Xero 550 Record Completion of Job & Invoicing

  • 08

    Making Job Estimates

    • Quickbooks 565 Job Project Estimates

    • Xero 565 Add Estimated Expresses

    • Xero 567 Categorize Expenses to Estimates

    • Xero 570 Custom Reports

  • 09

    Theory Practice Problems in Excel

    • Quickbooks 120 Excel Problem Tracking WIP

    • Quickbooks 135 Excel Problem Tracking COGS

Description

This QuickBooks Online and Xero Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools these top accounting software packages provide to create an effective job costing system.

We will discuss the process of setting up QuickBooks & Xero for a job costing system.

The course will describe the terminology used by software and by the industry, such as jobs, sub customers, and projects.

Learners will understand how to set up projects and how they function to track costs and revenue per job.

We will cover how to enter bills and allocate costs to jobs using forms such as bill forms and expense forms.

The course will discuss the concept of a double-sided or two-sided items, how to create them, and why they are necessary for job costing.

Learners will know how to apply materials to jobs.

We will discuss how to apply direct labor to a job.

The course will show how to apply overhead to jobs.

Learners will be able to create invoices for the job using either the estimate or the actual billed costs.

Who this course is for:

Business professionals in an industry using job costing

Accounting professionals who want to learn job costing

Students who want to apply job costing concepts to accounting software

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

The other sections are styled to help you create beautiful, high-converting pages. If you already know exactly what you want, use this section to add text, images, video, audio, etc. and build something completely custom. This is your sandbox — create what you want!