Category: Job Costing

What is Progress Invoicing in QuickBooks?

What is progress invoicing? (Activation Steps Below) “Progress invoicing, also called progress billing or partial billing, is invoicing from an estimate in stages instead of for the full amount. However, you can invoice for the full amount when using progress invoicing.  Using progress invoicing, you can link progress to estimates that will be included in…

Continue reading…

Cost of Goods Sold (COGS) – Definition (video)

Cost of Goods Sold (VIDEO by Investopedia).  Accurately capturing and reflecting the Costs of Goods Sold (COGS), also referred to as ‘cost of sales’, is imperative because if done inefficiently a company could theoretically believe they’re operating more profitably then they really are. If you need help defining your cost of goods sold versus regular expenses, call Chris McGee…

Continue reading…

PFI Coach – TIP! Job Costing in QuickBooks

Did you know QuickBooks has sample companies?  Pick one, similar to your own to see how the costs are set-up, then practice.  When it comes time to actually set-up your own business, “start by creating a simple job cost framework and allow your company to ‘grow into it’” – Chris McGee.  Accurate job costing – the accounting…

Continue reading…

PFI Coach Meet UP: QuickBooks Job Costing

Meet up with PFI Coach, Chris McGee at your nearest Woods Coffee & discuss QuickBooks’ best Job Costing practices. Providing experienced QB Users the opportunity for in-depth job costing conversation, questions & answers. Attend 1 or all 3 sessions – they’re FREE – and bring your questions! Spaces limited to 8 and will fill up…

Continue reading…