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☑ How to set up a job costing system using Xero
☑ How to enter job or project estimates
☑ How to create jobs or projects
☑ How to bill for jobs or projects
☑ How to set up two sided or double sided items
☑ How to apply materials to jobs or projects
☑ How to apply direct labor to jobs or projects
☑ How to apply overhead to jobs or projects
☑ How to create an invoice from actual costs
☑ How to create an invoice from an estimate
This Xero Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools Xero provides to create an effective job costing system.
We will discuss the process of setting up 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.
5 Create QuickBooks Online Account
7 Turn On Projects
8 Create a Bank Account
Documents to Download
Set Up Jobs / Projects, Billable Expenses & Items
515 Jobs, Sub Customers, Projects
519 1 Add COGS Accounts
519 2 Add Items Products & Services
Enter Beginning Balances for Jobs & Accounts
Documents To Download
520 Enter Beginning Balances For Jobs & Accounts Part 1
521 Enter Beginning Balances For Jobs & Accounts Part 2
522 Project Reports
523 Enter Beginning Balances Other Accounts
Applying Raw Materials to Jobs
525 Purchase Raw Materials On Account
530 Raw Materials Used & Applied to Job Part 1
531 Raw Materials Used & Applied to Job Part 2
Applying Direct Labor to Jobs
540 Apply Direct Labor Cost to Jobs
Applying Overhead to Jobs
545 Apply Overhead to Jobs
546 Apply Direct Labor to Jobs Part 2
Completing Job and Creating Invoice
550 Record Completion of Job & Invoicing
Making Job Estimates
565 Add Estimated Expresses
567 Categorize Expenses to Estimates
570 Custom Reports
Theory Practice Problems in Excel
120 Excel Problem Tracking WIP
135 Excel Problem Tracking COGS