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Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

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Replying to:
Ethel_A
QuickBooks Team

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Hello there, @ODCAD.

 

Let me share information about overhead costs on a project in QuickBooks Online.

 

The overhead costs are tracked by adding all of them and dividing them by monthly sales. Here is the formula: (Overhead ÷ monthly sales) x 100 = overhead percentage

 

To learn more about calculating and tracking overhead costs, you can read this article: How to calculate and track overhead costs for your small business.

 

I also recommend reaching out to your accountant to assist you in managing overhead for projects in QuickBooks Online. You can get advice from them and ask for guidance with the step-by-step process of making the entry. They can also help you make sure that they are allocated to the correct accounts in your company. If you don't have an accountant, you can click this link: Find an accountant.

 

For future reference, you can read this article about job costing: What are pay rates, cost rates, and billable rates?

 

Feel free to click the Reply button below if you have questions about the overhead cost of the project in QuickBooks Online. I'm always here to help. Have a great day.

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