The Projects function in QuickBooks Online is not just another tool, it's a game changer for job costing in the construction industry. Its unique features offer real-time insights into project profitability, revolutionizing how you manage your projects and paving the way for a new era of efficiency.
Simplifying Project Management
Projects in QuickBooks Online offer an easy way for construction businesses and contractors to track and manage their construction projects:
New projects can be set up swiftly
Asset invoicing and budgeting are organized under individual projects
Project-related expenses are easily trackable
Having all related financial items grouped under individual projects simplifies project management and promotes financial transparency.
Accurate Labor Costing
Labor costing accuracy is crucial in the construction industry, often making up most project expenses. This is where the Projects functionality shines:
Tracks time invested by employees on individual jobs
Reflects labor costs accurately to offer a clear picture of their impact on project profitability
Integrated with QuickBooks Payroll and QuickBooks Time, it simplifies labor costing even further by:
Automatically importing labor expenses
Tracking time efficiently for mobile teams
Real-Time Financial Insights
No more rough estimations or waiting for month-end reports. Projects in QuickBooks Online provide financial insights in real-time:
Detailed tracking of income and costs for each project in real-time
Eliminates guesswork in profitability
Empowers businesses to make timely financial decisions to stay profitable
Optimizing Financial Management
Peak Advisers, with our expertise in QuickBooks Online, can optimize your job costing practices:
Assisting you to use the full potential of Projects in QuickBooks Online
Ensuring financial visibility and project management aren't hurdles but aids for your business
The Projects functionality in QuickBooks Online seamlessly caters to the construction industry's specific job costing needs. Its efficient, transparent, and intuitive features transform financial management from a challenging task into an indispensable tool for business growth.
Download: A step-by-step guide to using Projects for Job Costing in QuickBooks Online