4.55 out of 5
4.55
31 reviews on Udemy

Xero Job Costing – Projects

Learn job costing using Xero from a practicing CPA
Instructor:
Robert (Bob) Steele
24,590 students enrolled
English [Auto]
How to set up a job costing system using Xero
How to enter job or project estimates
How to create jobs or projects
How to bill for jobs or projects
How to set up two sided or double sided items
How to apply materials to jobs or projects
How to apply direct labor to jobs or projects
How to apply overhead to jobs or projects
How to create an invoice from actual costs
How to create an invoice from an estimate
Udemy APAC

This Xero Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools Xero provides to create an effective job costing system.

We will discuss the process of setting up Xero for a job costing system.

The course will describe the terminology used by software and by the industry, such as jobs, sub customers, and projects.

Learners will understand how to set up projects and how they function to track costs and revenue per job.

We will cover how to enter bills and allocate costs to jobs using forms such as bill forms and expense forms.

The course will discuss the concept of a double-sided or two-sided items, how to create them, and why they are necessary for job costing.

Learners will know how to apply materials to jobs.

We will discuss how to apply direct labor to a job.

The course will show how to apply overhead to jobs.

Learners will be able to create invoices for the job using either the estimate or the actual billed costs.

Introduction

1
5 Create QuickBooks Online Account
2
7 Turn On Projects
3
8 Create a Bank Account
4
Documents to Download

Set Up Jobs / Projects, Billable Expenses & Items

1
515 Jobs, Sub Customers, Projects
2
519 1 Add COGS Accounts
3
519 2 Add Items Products & Services

Enter Beginning Balances for Jobs & Accounts

1
Documents To Download
2
520 Enter Beginning Balances For Jobs & Accounts Part 1
3
521 Enter Beginning Balances For Jobs & Accounts Part 2
4
522 Project Reports
5
523 Enter Beginning Balances Other Accounts

Applying Raw Materials to Jobs

1
525 Purchase Raw Materials On Account
2
530 Raw Materials Used & Applied to Job Part 1
3
531 Raw Materials Used & Applied to Job Part 2

Applying Direct Labor to Jobs

1
540 Apply Direct Labor Cost to Jobs

Applying Overhead to Jobs

1
545 Apply Overhead to Jobs
2
546 Apply Direct Labor to Jobs Part 2

Completing Job and Creating Invoice

1
550 Record Completion of Job & Invoicing

Making Job Estimates

1
565 Add Estimated Expresses
2
567 Categorize Expenses to Estimates

Custom Report

1
570 Custom Reports

Theory Practice Problems in Excel

1
120 Excel Problem Tracking WIP
2
135 Excel Problem Tracking COGS
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Course available for 2 days
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Includes

5 hours on-demand video
2 articles
Full lifetime access
Access on mobile and TV
Certificate of Completion

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