When working with Engineering firms, I’ve learned that oftentimes, they are more interested in reports that show the accrued time to date at the billing rate, rather than at actual labor cost.
Unfortunately, although QuickBooks provides fantastic job-cost reports for Contractors, there is a limitation in QuickBooks in regard to project time or estimate vs. actual reports that include the billing rate.
In this short video, I’ll demonstrate how to leverage the job-costing system in QuickBooks to get Project Status Reports based on Accrued Time at a $ value vs. Project Budget.
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