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![]() You can also drill down for more detail if you want. Doing that elsewhere can be very time consuming and double work. ![]() The costs are already being entered into QuickBooks, so with an estimate in there, too, you can run Estimated Versus Actual and Cost to Complete reports. The estimate is the budget for the job and if entered in QuickBooks, it’s easy to review. Even if you just give your customer a fixed price, your estimate still belongs in QuickBooks. But that estimate does belong in QuickBooks. I will admit that there are many times when the estimate form in QuickBooks can be inadequate so a spreadsheet or other estimating software often works much better. You can enter your anticipated costs for the various items, mark it up and arrive at a number you want to charge your customer. If your estimating is fairly simple, then usually the regular estimate form in QuickBooks works. Could be that a spreadsheet or other software is used to actually determine the estimate, so why bother entering it in QuickBooks? Isn’t that an unnecessary step? No!! Could be a lack of understanding on how to work with the estimate template in QuickBooks. If you do job or project costing, then it’s important to use the Estimate feature in QuickBooks ®, but that feature is often underutilized for a few reasons.
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