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Updated in [August 31st, 2023]
Skills and Knowledge:
At the end of this course, you will have acquired the skills and knowledge to:
• Understand the objectives of a job costing system
• Create estimates in QuickBooks
• Use two sided items in a job cost system
• Track inventory parts in a job cost system
• Generate and analyze job costing reports
• Use classes in a job costing system
• Create and run a full job costing system in QuickBooks
• Adjust financial statements to the appropriate accounting method required
• Utilize the classes feature in a job costing system
Professional Growth:
This course on QuickBooks Desktop Job Costing contributes to professional growth by providing learners with the knowledge and skills to effectively track and analyze job costs using QuickBooks software. Here are some specific ways in which this course can contribute to professional growth:
1. Enhanced understanding of job costing concepts: By taking this course, learners will develop a solid understanding of job costing concepts and how they apply to various industries and businesses. This knowledge can be applied to real-world scenarios and help professionals make informed decisions regarding job costing.
2. Mastery of QuickBooks tools: The course covers various tools and features in QuickBooks that are specifically designed for job costing. By learning how to use these tools effectively, professionals can streamline their job costing processes and improve accuracy and efficiency in their work.
3. Ability to create estimates: The course teaches learners how to enter estimates in QuickBooks, which is a crucial aspect of job costing. Professionals who can accurately create estimates can provide clients or stakeholders with reliable cost projections, leading to better planning and decision-making.
4. Tracking inventory parts: Job costing often involves tracking the costs of inventory parts used in a project. This course teaches learners how to track inventory parts in QuickBooks, enabling professionals to monitor and control inventory costs more effectively.
5. Generation and analysis of job costing reports: QuickBooks provides various reports that help analyze job costs and profitability. By learning how to generate and analyze these reports, professionals can gain valuable insights into their projects' financial performance and make data-driven decisions.
6. Use of classes in job costing: The course covers the use of classes in job costing, discussing the advantages and disadvantages of this feature. Professionals who understand how to utilize classes effectively can categorize and track costs by different criteria, such as departments, locations, or project types, providing more detailed and customized job costing reports.
Overall, this course equips professionals with the necessary skills and knowledge to implement and manage job costing systems using QuickBooks. By mastering these skills, professionals can enhance their job performance, improve financial decision-making, and contribute to the growth and success of their organizations.
Further Education:
This course is suitable for preparing for further education. It covers various aspects of job costing in QuickBooks, including creating estimates, running job costing reports, tracking inventory parts, and using classes. These skills are valuable for individuals pursuing further education in accounting, finance, or business management.
