Tailored Business Solution
- Learn how to use Projects for Job Costing
- Setup a correct workflow for you business
- Learn how to record daily sales to QBO
- Learn how to use QBO features based on desired reports
Small to Mid-Sized Biz
- Have clear understanding of your bookkeeping needs
- Develop effective bookkeeping workflow
Job Costing Made Easier
Being able to monitor the profitability of each project is important to any business owner. However, if there is no proper workflow in place, several problems that can directly affect profitability can occur. Problems such as inaccurate cost estimates, unpriced change orders and unrecognized expenses can lead to lowered project profitability and cash flow problem.
The Projects feature of Quickbooks Online, which is only available on Plus and Advanced version, can make Job costing easier and efficient. This feature can track all revenue, expenses and profit and can be seen in one place. In addition, Progress Invoicing can be used if the business owner is using the percentage of completed method.
Recording Daily Sales
Most restaurants need a point of sales system in order to monitor daily sales. With this other system in place, there is no need to record each transaction into QBO. Instead, a daily sales transaction template can be created using Sales Receipt transaction. This template can be created for each day of the week and make it recurring transactions. Items in this transaction will include:
- Sales Income
- Sales Tax Liability
- Tip Payable
- Gift Cards
- Cash received
- Payment thru merchants
Small to Mid-Sized Business
Let us help create an effective workflow for your business
Our aim is to provide the most appropriate bookkeeping workflow for different industries. Whatever type of industry or business model, we would like to be able to help you with setting up and maintaining your books. This can be done by learning about your pain points with regard to bookkeeping.