QuickBooks Enterprise Edition also offers WIP tracking and committed cost tracking. It’s specifically tailored to general contractors and offers unique tools and reports that are not included in other editions. Selecting the proper version of QuickBooks: While basic job costing can be done in almost any version (including QuickBooks Online), the best one currently available for contractors is QuickBooks Desktop Premier Contractor Edition. There are five key steps to setting up your QuickBooks file for successful job costing. QuickBooks Desktop, a valuable toolbox for job tracking and organization, can help you maximize profitability and create better efficiencies.
Doing so also provides you with a clear understanding of work in progress (WIP).
Contractors need to carefully track jobs to understand their individual job profitability.
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