Thank you for the video Hector, all your videos have helped me a lot. I use Quickbooks Online Plus right now but like this feature in Quickbooks Avanced. I did a trial of Quickbooks Advanced but was the same as plus version. It didn't have cost estimate or estimate vs actuals. I am in Canada
Thank you Hector! Is it possible to get an Estimate V. Actual report for all projects, not just one project at a time? We may have as many as 15 projects that are active at any given time, so we need a WIP for all projects. Any suggestion you might have to get a WIP for all projects at any given time would be much appreciated.
Hi Hector, how do I record income from different employees in a business. Let’s say a beauty shop, we want to record income from different hairdressers. How do I track the income from these different workers in the business ?
Is Project Cost Estimate now Project Estimate? Also, does the initial estimate have to be created in the project or can an estimate be created under the client and moved to a project once accepted?
Thanks i did find this informative but the one part I needed and i think many others will too is how this works with actual employees on payroll. Its easy to just plug in subs, but I cannot find any info on how this applies to hourly employees and specifically how it integrates with Quickbooks time(tsheets). Any help on that would be great.
Thank you for the video! I'm watching this in 6/2023. The beginning of your video suggests that this is only in Advanced. However, I see "Project Profitability" in both the Plus and Advanced columns on the QBO comparison chart on their website. Has this now been added to Plus or are there just more limited functionality within plus vs Advanced? Thanks!
Hey Hector, great content as always. Is it possible to convert a project estimate to a cost estimate, or must it be entered from scratch? Thanks again for all you do.
New to QBOnline Advanced. Used Desktop Contractors Edition for 14 years. Prior to entering any estimates, I entered all the cost line items under New - Other - Add Product/Service. When I tried to enter my first estimate, I pulled up the project then clicked on Project Estimate on the dropdown box. In your video, you stressed the importance of using the Cost Estimate under Add to Project. But, my screen isn't showing that exact option of Cost Estimate, only Project Estimate. I thought "ok" but none of the previously entered product/service line items show up. I thought they would show up in the dropdown box as I entered the estimate, but they are a no-show. What am I doing wrong?
What if your client facing contracts use different categories (such as project Milestones - eg Milestone 1, Milestone 2, Milestone 3) than the expense categories (such as metal, glass, etc). can you still use these reports? I ask because of invoicing the client as you demonstrated. Thank you for your time!
TLDR: QuickBooks Online Advanced for Construction can help project-based businesses track estimated vs. actual costs and income to ensure accurate job costing and project management.
Hector-Can you drill down on the estimate vs actual like you can on QB Desktop? I have a trial version of Online and can not on my end. Wasn't sure if it was due to the trial or just an overall QB online thing.
Thank you for the video Hector, all your videos have helped me a lot. I use Quickbooks Online Plus right now but like this feature in Quickbooks Avanced. I did a trial of Quickbooks Advanced but was the same as plus version. It didn't have cost estimate or estimate vs actuals. I am in Canada
Thank you Hector! Is it possible to get an Estimate V. Actual report for all projects, not just one project at a time? We may have as many as 15 projects that are active at any given time, so we need a WIP for all projects. Any suggestion you might have to get a WIP for all projects at any given time would be much appreciated.
Please help me to solve this question
Hi Hector, how do I record income from different employees in a business. Let’s say a beauty shop, we want to record income from different hairdressers. How do I track the income from these different workers in the business ?
Hi Hector,
Is Project Cost Estimate now Project Estimate? Also, does the initial estimate have to be created in the project or can an estimate be created under the client and moved to a project once accepted?
Thanks i did find this informative but the one part I needed and i think many others will too is how this works with actual employees on payroll. Its easy to just plug in subs, but I cannot find any info on how this applies to hourly employees and specifically how it integrates with Quickbooks time(tsheets). Any help on that would be great.
Thank you for the video! I'm watching this in 6/2023. The beginning of your video suggests that this is only in Advanced. However, I see "Project Profitability" in both the Plus and Advanced columns on the QBO comparison chart on their website. Has this now been added to Plus or are there just more limited functionality within plus vs Advanced? Thanks!
As of Jan. 1st of 2024, does this cost estimate function available in QBO Canada? Thanks!
Hey Hector, great content as always. Is it possible to convert a project estimate to a cost estimate, or must it be entered from scratch? Thanks again for all you do.
New to QBOnline Advanced. Used Desktop Contractors Edition for 14 years. Prior to entering any estimates, I entered all the cost line items under New - Other - Add Product/Service. When I tried to enter my first estimate, I pulled up the project then clicked on Project Estimate on the dropdown box. In your video, you stressed the importance of using the Cost Estimate under Add to Project. But, my screen isn't showing that exact option of Cost Estimate, only Project Estimate. I thought "ok" but none of the previously entered product/service line items show up. I thought they would show up in the dropdown box as I entered the estimate, but they are a no-show. What am I doing wrong?
What if your client facing contracts use different categories (such as project Milestones - eg Milestone 1, Milestone 2, Milestone 3) than the expense categories (such as metal, glass, etc). can you still use these reports? I ask because of invoicing the client as you demonstrated. Thank you for your time!
TLDR: QuickBooks Online Advanced for Construction can help project-based businesses track estimated vs. actual costs and income to ensure accurate job costing and project management.
Is the cost estimate absolutely necessary in order to job cost? Wondering if this is a mandatory step, thanks.
Hector-Can you drill down on the estimate vs actual like you can on QB Desktop? I have a trial version of Online and can not on my end. Wasn't sure if it was due to the trial or just an overall QB online thing.
Hector,
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