QB Issue Resolution:

“the est cost shows as the est revenue. How do I enter the job to change that information”

Your Items need to be Two Sided; are they?

Est Cost come from the Cost side; Est Rev comes from the Sales side. This is how you teach the program that you need to separate Expense and Income activities for that same item.

Items are something you make, do, sell, charge, buy, or buy and sell. They link to Accounts and control the flow of data, and you use the item on purchase transactions to avoid micro-managing the chart of accounts.

Once you edit an item and Change it to be Two Sided, you Save the change and QB offers to move existing data for you. Let it do this. That won’t change your financial reporting Net; it will separate expense and income.

Please see my attachments.

Job_Comparison.PNG Two_Sided_NonInventory_Item.PNG Two_Sided_Service_Item.PNG Estimate_Vs_Actual_Detail.PNG Item_Accounts.PNG Item_Profit.PNG Cost_to_Complete_Report_Comparison_to_Est_Vs_Actuals.PNG

Resolution for Issue 'Currently when I run the estimates vs actuals report, the est cost shows as the est revenue. How do I enter the job to change that information. The revenue is accurate' available: Yes (Solved).
Source: Intuit Community forum.

Currently when I run the estimates vs actuals report, the est cost shows as the est revenue. How do I enter the job to change that information. The revenue is accurate: 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.

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