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Weekly QuickBooks Tip 5: Job Cost Reporting

by Michelle Ferdinandi

In order for total expenses from the Profit and Loss by Job report to agree to the standard Profit and Loss report, all expenses must be assigned to a customer:job.

Therefore, you should create a job to track overhead type expenses not related a specific customer or job. Otherwise, any unassigned expenses will not be included on the Profit and Loss by Job report. Applicable overhead expenses can then be allocated to jobs using a basic method via a journal entry or a more advanced method using items.