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Learn more about how to make accurate construction job costing estimates and improve profitability: http://intuit.me/3SqSFrH Everything you need to grow your business: http://intuit.me/3NKoomG A project estimate is the beginning of the client relationship and is especially crucial to getting a construction project off the ground. Accurate job costing is needed to verify the financial viability and profitability of a project—it’s also a prerequisite to a successful bid. Accurate job estimates along with Work-in-Progress (WIP) reports shared with the client are also key to the proper management of invoicing and cash flow. To keep a project on schedule and profitable, set yourself up for success with proper construction accounting processes and effective job costing. #GrowYourBusiness #Midsizedbusiness @HectorGarciaCPA 0:00 - Introduction 0:48 - Tracking job profitability 1:36 - The value of WIP reports 2:18 - Understanding estimated revenue 2:43 - Understanding earned revenue 3:34 - Job costing with QuickBooks Desktop Enterprise 4:15 - Circling back to profitability 4:35 - Summary/Outro Watch more how to videos from the Grow your business series: http://intuit.me/3eVdZHP For more information about QuickBooks Enterprise 23.0, visit: http://intuit.me/3S9IHdN Subscribe to our YouTube channel: http://intuit.me/3bOj0M2 Visit QuickBooks.com: http://intuit.me/QBO The world’s largest workforce works for themselves. We work for them by providing smarter business tools. QuickBooks #BackingYou. #QuickBooks This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.