Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
Archie_B
QuickBooks Team

Reply to message

Hi there, telrod.

 

Allow me to share some information that will assist you in tracking and integrating it into your WIP accounts.

 

I understand that using ITEMS or Products and Services in estimates does not fit with your custom home-building business processes, particularly when tracking Work in Progress (WIP) in QuickBooks Desktop. 

 

In QuickBooks Desktop, ITEMS is the standard approach for tracking costs and revenue in estimates, and the available item types are predefined and do not include a specific item type for the Other Asset WIP account.

 

However, you can consider setting up a Non-inventory item as the item type and assign it to the Other Asset WIP account. This alternative solution allows you to allocate costs accurately to the designated WIP account.

 

Here's how:

 

  1. Go to the Lists menu, then choose Item List.
  2. Click on the Item button at the bottom, and hit New.
  3. Select the Non-inventory item type for the new item.
  4. Provide a unique name for the item.
  5. In the Income Account field, select the appropriate "Other Asset WIP account".
  6. To save, hit OK.

 

While this solution still involves the use of items, this will allow you to track costs accurately under the specific Other Asset WIP accounts you prefer. 

 

I've also added these articles about customizing reports and job costing:
 

 

Feel free to leave a comment below if you have other questions. I'm always here to help. Have a great day!

Need to get in touch?

Contact us