Features of QuickBooks Support for Manufacturing
Job Cost Accounting
QuickBooks permits you to track manufacturing jobs from
the original estimate through the award, construction, progress
billing (if any), change orders, to completion of the job
and final billing. The Estimate automatically sets
up the job budget, using a Task Listing of your choosing
– from industry sources or even one of your own design.
Your Task List will be setup as QuickBooks
Items, and will facilitate tracking job revenues and costs
at every step.
QuickBooks Manufacturing Job Cost
provides support for the following:
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Original and Revised Estimates
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Job Order for Shop Execution
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Transfers of Materials from Inventory
to Jobs
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Purchases of Materials directly
into Jobs
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Progress Billings
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Charging Man-hours to Jobs automatically
as paychecks are written
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Charging Equipment hours to jobs
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Job Cost Reports at any desired
frequency
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Cost vs Revenue and Cost and Revenue
vs Estimate Reports on demand
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Change Orders
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Final Billing
Note –
QuickBooks does not support automatic Job charges for Overhead
or Burden, and does not support automatic transfer of costs
from Raw Materials to Work in Process to Finished Goods,
nor does QuickBooks provide support for Standard Costing
or for Process Costing. These areas will be addressed
by procedures we will develop together.
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Setup of QuickBooks Manufacturing Job Cost Items
QuickBooks Items are used to standardize and simplify the
recording of job transactions. Items handle a large
portion of the “necessaries” of accounting for manufacturing
jobs.
The types of Items which you will use
include:
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Payroll Items – for charging man-hours
to jobs.
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Inventory Parts Items – for maintaining
Inventory transferring Materials costs to jobs.
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Non-inventory Parts – for ordering
Materials for direct delivery to job sites.
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Service Items – for charging Subcontractor
hours or rental equipment to jobs
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Other Charge Items
Proper setup of QuickBooks Items is
essential to the functioning of the Manufacturing Job Cost
features of QuickBooks.
If you’re experiencing problems with
QuickBooks Manufacturing Job Cost features, a very likely
cause is improper setup of your Items or Item Types.
We can help you examine and, if necessary, modify your QuickBooks
Items to eliminate the problems.
Assistance with your QuickBooks Items
can be accomplished easily using our OneClick Support system.
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