Howdy! We've just migrated from QuickBooks Desktop 2018 to QBO (god help me). We are sub contractors to contractors usually. I'm also having trouble explaining this to the live experts, as many are not familiar with QBD.
In QBD we used to make "Estimates" (or "Contracts") and track our services and expenses against a specific contract amount.
I've tried every which way to emulate this same process by categorizing each job as either a "Project" or a "Sub-Customer" beneath the parent customer. I understand we can send out a "Project Estimate" and have the customer pay only a certain percentage, but more often then not the customer usually pays at the end. If I mark the Estimate or Project Estimate as "paid" it messed up my numbers when I go to pull reports. So I want to be able to track the billable employee hours OR products/services and materials against a contract amount that has not been paid.
I'm at my wits end, honestly. If this sounds familiar to you, or you've had some luck figuring out a similar way to emulate this process, I'd seriously love to know.
Thank you! :')
*I've attached an example of one of our contracts that begins at $29,993 and shows our services and expenses we've allotted towards it. Now, this customer has not yet paid that 29K, but we can see just how far into the project we are at the bottom right.
