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Handy_2022
September 26, 2022
Solved

Overhead costs allocation to jobs

  • September 26, 2022
  • 2 replies
  • 0 views

Hello,

 

I need please the help of QB community in finding a way to allocate the overhead costs to the individual jobs.

I run the profit and loss by percentage of income, and I know how much percentage should be allocated  to the jobs.

Thanks a lot for your help!

Best answer by Jen_D

Thanks for reaching out to us about this overhead cost concern, @Handy_2022.

 

We wanted to help you out with this process, but this community is only able to assist with general concerns about the program. Since this type of concern involves an in-depth accounting process, we have to let our customers reach out to an accountant for help. 

 

However, I have the following links you can check to help you handle overhead in QuickBooks:

 

 

Post here again if you have further concerns, we also have other users here who have accounting background who can also assist you.

2 replies

J
JamesM4
September 26, 2022

Hi there, 

 

Welcome back to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

 

Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here. 

 

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.

H
Handy_2022Author
October 1, 2022

Hello James,

 

I called QuickBooks and spoke to two agents but they couldn't help, and I'm an accountant.

This is a software issue and QuickBooks should have guidance on how to job cost overhead expenses.

 

Kind regards,

Jen_D
Jen_DAnswer
October 2, 2022

Thanks for reaching out to us about this overhead cost concern, @Handy_2022.

 

We wanted to help you out with this process, but this community is only able to assist with general concerns about the program. Since this type of concern involves an in-depth accounting process, we have to let our customers reach out to an accountant for help. 

 

However, I have the following links you can check to help you handle overhead in QuickBooks:

 

 

Post here again if you have further concerns, we also have other users here who have accounting background who can also assist you.

A
ADK3
September 27, 2023

I search this topic all the time hoping to find an answer. I know this post was about a year ago, but I wanted to share what I do. I have my Company name set up as a vendor. So at the end of a job I make a bill from my company. In the items tab I created an item called "Overhead Distribution". So if my overhead percentage for the year is 25% This is what I enter (for this example I look at my job profitability report to get the Act. costs for that job)

 

ITEMQTYCOSTAMOUNTDESCRIPTION

CUSTOMER:JOB

Overhead Distribution0.25$1000 (Act. Costs)$250For job closing

Job #123

Overhead Distribution-0.25$1000-$250For job closing(leave blank)

 

When I do this, it subtracts overhead costs from "nowhere" and puts them onto that job. 

 

Hope this may help someone out there in QuickBooks land

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