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R
robcampbell2276
September 4, 2024
Question

Percentage of Completion Quickbooks Options?

  • September 4, 2024
  • 1 reply
  • 0 views

I started a new job at a small company that uses Quickbooks Online/Quickbooks desktop.  I am seeking guidance on how to set up Revenue Budgets and Cost Budgets so Revenue/COGS is calculated utilizing Percentage of Completion Accounting.  Would love to run a dashboard that has Rev Budget/Cost Budget/Project to Date Revenue/Project to Date Cost/Cost Budget Remaining etc.?  Thanks.

1 reply

J
JamesM4
September 4, 2024

Hi there,

 

Congratulations on the new job! I'll be happy to steer you in the right direction so you can get back to doing what you enjoy.

 

When it comes to setting up Revenue Budgets and Cost Budgets so Revenue/COGS is calculated in a way that utilizes the Percentage of Completion Accounting, I recommend getting in touch with an accounting professional for expert advice. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. I'm here to steer you in the right direction with navigating the program.

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