• Post category:StudyBullet-4
  • Reading time:6 mins read

Learn job costing using Xero from a practicing CPA

What you will learn

How to set up a job costing system using Xero

How to enter job or project estimates

How to create jobs or projects

How to bill for jobs or projects

How to set up two sided or double sided items

How to apply materials to jobs or projects

How to apply direct labor to jobs or projects

How to apply overhead to jobs or projects

How to create an invoice from actual costs

How to create an invoice from an estimate


This Xero Job Costing course will provide the resources for learners to develop a solid understanding of job costing concepts and the tools Xero provides to create an effective job costing system.

We will discuss the process of setting up Xero for a job costing system.

The course will describe the terminology used by software and by the industry, such as jobs, sub customers, and projects.

Learners will understand how to set up projects and how they function to track costs and revenue per job.

We will cover how to enter bills and allocate costs to jobs using forms such as bill forms and expense forms.

The course will discuss the concept of a double-sided or two-sided items, how to create them, and why they are necessary for job costing.

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Learners will know how to apply materials to jobs.

We will discuss how to apply direct labor to a job.

The course will show how to apply overhead to jobs.

Learners will be able to create invoices for the job using either the estimate or the actual billed costs.




5 Create QuickBooks Online Account
7 Turn On Projects
8 Create a Bank Account
Documents to Download

Set Up Jobs / Projects, Billable Expenses & Items

515 Jobs, Sub Customers, Projects
519 1 Add COGS Accounts
519 2 Add Items Products & Services

Enter Beginning Balances for Jobs & Accounts

Documents To Download
520 Enter Beginning Balances For Jobs & Accounts Part 1
521 Enter Beginning Balances For Jobs & Accounts Part 2
522 Project Reports
523 Enter Beginning Balances Other Accounts

Applying Raw Materials to Jobs

525 Purchase Raw Materials On Account
530 Raw Materials Used & Applied to Job Part 1
531 Raw Materials Used & Applied to Job Part 2

Applying Direct Labor to Jobs

540 Apply Direct Labor Cost to Jobs

Applying Overhead to Jobs

545 Apply Overhead to Jobs
546 Apply Direct Labor to Jobs Part 2

Completing Job and Creating Invoice

550 Record Completion of Job & Invoicing

Making Job Estimates

565 Add Estimated Expresses
567 Categorize Expenses to Estimates

Custom Report

570 Custom Reports

Theory Practice Problems in Excel

120 Excel Problem Tracking WIP
135 Excel Problem Tracking COGS