Estimates vs Actuals in QBO?!?!?! Yes, BUT… January 2023

Very exciting news – QuickBooks Online has just implemented Estimates vs. Actual reporting for Projects. Unfortunately, it falls a little short of my hopes and dreams:

  • Estimated cost vs. actual cost, cost code level report on both cost and revenue side (like in Desktop/Enterprise)
  • Only Available in QBO Advanced
  • Is Item (Product/Service) based, costs must be entered to the product/service 
  • Does not include labor for payroll processed in QBO
  • The Job Profitability report is still Chart of Accounts, rather than item based

Check out this video for the details and check back or join my mailing list for updates