QB Issue Resolution:
You may need to allocate overhead expenses to your customer jobs in addition to those expenses incurred directly for a particular customer job. This article provides a basic method of allocating overhead costs.
Note: There is a more advanced method which includes using items.
Solution: Create an account and journal entry for tracking
Set up the overhead allocation account:
Select the QuickBooks Lists menu and then select the Chart of Accounts.
Press Ctrl + N on your keyboard.
Select Other Expense as the account type and then assign an appropriate name and number.
Enter a journal entry to allocate overhead costs:
Select the Company menu and then select Make general journal entries.
On the first line of the journal entry, click the drop-down arrow in the Account column and select the allocation account. Then enter the total overhead cost in the Credit column. Leave the Name column blank.
On each subsequent line, click the drop-down arrow in the Account column and select the allocation account. Then enter the overhead amount for a job in the Debit column and enter the Customer:Job name in the Name column.
When you have entered all of the jobs, click Save and Close.
Since the net effect on the allocated expenses account is zero, it should not show on the Profit & Loss report.
Create the Job Profitability Detail report for one of the customer:jobs and you will see the allocated overhead expenses at the bottom of the report in the “No Item” row.
Resolution for Issue 'Allocate overhead costs for job costing' available: Yes (Solved).
Source: Intuit Community forum.
Allocate overhead costs for job costing: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Job costing
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