When you set up items for
estimates, keep the following tips in mind:
If you set up your items to
track cost as well
as sales, you can see your costs as well as the sales price on the estimate
onscreen. However, when you print the estimate, the printed estimate shows only
the sales price.
If you're transferring a summary estimate into QuickBooks from an
outside estimating program, it's a good idea to set up an item in
QuickBooks for each project phase you use in your estimating program.
You can also create subitems to get more detail on the phases. For example,
you could set up an item for the Plans and Permits phase with subitems for
Plans, Building Permits, and City License.