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In QuickBooks Desktop, we can enter hourly cost rates (burden rates) for projects (for employees and contractors) as job costs. Job costing means tracking the expenses for a job and comparing those expenses to your revenue. You can see how much money you spend and make for each job with QuickBooks Desktop's job costing tools. Let's make sure we set up each item with enough information. The level of detail in your Item List will determine the preciseness of your job cost reports. See the Learn how to add, edit and delete items in QuickBooks Desktop article for more details.
First, set up a Customer:Job for each of your job. This enables you to keep track of your income and expenses on a job-by-job basis and can simplify your bookkeeping if you add another job for that customer in the future. For the next steps, just check out the Tracking job costs in the QuickBooks Desktop article. To track your sales and expenses using predefined customer, job, and sales reports, you can check out the Customize customer, job, and sales reports in the QuickBooks Desktop article.
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