Xero Job Costing Projects

Tags: Xero

Learn job costing using Xero from a practicing CPA

Last updated 2022-01-10 | 4.3

- How to set up a job costing system using Xero
- How to enter job or project estimates
- How to create jobs or projects

What you'll learn

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

* Requirements

* None - Xero generally provides a free 30 day trial (great tool)

Description

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.

Who this course is for:

  • Business professionals in an industry using job costing
  • Accounting professionals who want to learn job costing
  • Students who want to apply job costing concepts to accounting software

Course content

10 sections • 24 lectures

5 Create QuickBooks Online Account Preview 03:16

7 Turn On Projects Preview 01:54

8 Create a Bank Account Preview 05:53

Documents to Download Preview 00:00

515 Jobs, Sub Customers, Projects Preview 12:33

519 1 Add COGS Accounts Preview 13:52

519 2 Add Items Products & Services Preview 12:18

Documents To Download Preview 00:00

520 Enter Beginning Balances For Jobs & Accounts Part 1 Preview 17:58

521 Enter Beginning Balances For Jobs & Accounts Part 2 Preview 11:20

522 Project Reports Preview 09:23

523 Enter Beginning Balances Other Accounts Preview 14:13

525 Purchase Raw Materials On Account Preview 09:42

530 Raw Materials Used & Applied to Job Part 1 Preview 20:50

531 Raw Materials Used & Applied to Job Part 2 Preview 19:07

545 Apply Overhead to Jobs Preview 18:13

546 Apply Direct Labor to Jobs Part 2 Preview 34:04

565 Add Estimated Expresses Preview 08:09

567 Categorize Expenses to Estimates Preview 04:00

120 Excel Problem Tracking WIP Preview 32:51

135 Excel Problem Tracking COGS Preview 30:35