The profit and loss by job report in QuickBooks can bring a whole new (and better!) vision to your business when it comes to tracking revenues and expenses by job or project.
Here is a screen shot of a sample report (found by clicking Reports > Company and Financial > Profit and Loss by Job):
As you can see, this report provides the profit and loss report layout you've seen before, but the columns are now broken out by job/project. This particular sample report was filtered for just one customer and their jobs for easy reference. Some businesses may even refer to this as their "job costing" report.
In order to make this profit and loss by job report work properly, each income transaction (i.e. invoice or sales receipt) needs to be tagged with the correct job, and each expense transaction (i.e. bill, check, credit card charge, etc.) needs to be tagged correctly as well.
Need more details behind a value in the report? Like any other report in QuickBooks, simply hover over the number and double-click on it to drill down into the next level of details.
OTHER BUILDING BETTER BUSINESS FINANCE ARTICLES:
- A new app for tracking accounts receivable
- The profitability by product report in QuickBooks
- Combining multiple reports and custom dashboards in QuickBooks