Job costing in QuickBooks can also help you estimate more accurately. Estimating may be the most important—and most difficult—part of running a contractor business. But unless you compare your estimated costs to your actual costs after the work is complete, you have no way to know if you are estimating too high or low, and no way of improving your ability to estimate in the future. The QuickBooks job cost reports make it easy for you to compare your estimated costs to actual costs.
Job costing in QuickBooks is easy. You are probably already entering most, if not all, of the information you need into QuickBooks. If you follow a few simple steps, full job cost reports will be at your fingertips whenever you need them. (The QuickBooks Premier Contractor Edition gives you additional reports for Job Costing.)
For more detailed instructions on setting up, entering and running reports, search on Job Costing in the QuickBooks Help menu. Tutorials about job costing that can also be viewed in the QuickBooks Help menu.