Do you track inventory adjustments to jobs or projects in QuickBooks?
If so, have you ever noticed that the cost of those adjustments does NOT show up on the job profitability summary report? (hopefully you noticed that is, or you are having a major "oh crap moment right now!!)
Strange, isn't it? You'd think that if you set up the transaction properly, the information would flow automatically to the report.
A TWEAK TO THE JOB PROFITABILITY REPORT SETTINGS
This support article from Intuit discusses the quick tweak that needs to be made for the inventory adjustment detail to appear on the report.
Once you do that, this vital inventory adjustment information will appear and your job profitability reports will be much more accurate!
ADDITIONAL RESOURCES AND INFORMATION
- The unbilled costs by job report in QuickBooks
- 14,500 is the magic number - watch out for this limit in QuickBooks
- Understanding the profitability by product report
- 27 power tips for QuickBooks - get your copy today