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Professional Tips and Workarounds for QuickBooks Online

You're reading from   Professional Tips and Workarounds for QuickBooks Online Improve your QuickBooks Online and bookkeeping skills using advanced techniques and best practices

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Product type Paperback
Published in Dec 2021
Publisher Packt
ISBN-13 9781801810371
Length 344 pages
Edition 1st Edition
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Author (1):
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Ashley Beetson Ashley Beetson
Author Profile Icon Ashley Beetson
Ashley Beetson
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Table of Contents (16) Chapters Close

Preface 1. Section 1 – General Tips and Shortcuts
2. Chapter 1: Creating and Reviewing Opening Balances in QuickBooks Online FREE CHAPTER 3. Chapter 2: Useful Tips and Tricks Every QuickBooks User Should Know 4. Section 2 – Adapting QuickBooks Online to Suit Different Business Types
5. Chapter 3: QuickBooks Online for Manufacturing Businesses 6. Chapter 4: Recording Income for Retail Businesses 7. Chapter 5: Handling Client Money 8. Chapter 6: The Secret to Success with Projects in QuickBooks Online 9. Chapter 7: Handling Foreign Currencies in QuickBooks Online 10. Section 3 – Reviewing and Reporting Data in QuickBooks Online
11. Chapter 8: Best Practices When Reviewing Financial Records 12. Chapter 9: Enhancing the Consistency of Your Financial Statements 13. Chapter 10: Reconciling the Balance Sheet 14. Chapter 11: Closing the Year-End, the Audit Log, and More 15. Other Books You May Enjoy

Chapter 6: The Secret to Success with Projects in QuickBooks Online

Projects are a fantastic way of checking the profitability of separate jobs that are being worked on for customers. Many people often associate the use of projects in QuickBooks with the construction industry, but in fact, there are a lot of business types that can benefit from using the feature.

Marketing agencies, lawyers, graphic designers, and even accountants and bookkeepers may have different types of work they do for the same customer/client. Using projects to keep track of those jobs separately makes reviewing the profitability of a particular job much easier.

In this chapter, you will learn how to do the following:

  • Check and enable the required settings to use Projects
  • Create a Project
  • Record income and expenditure against a Project
  • Record time against a Project
  • Create a budget against a Project
  • Manage Unbilled Expenses
  • Run various Project-related reports
  • Allocate...
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