Accounting Tip of the Month: Manage Projects for True Profitability
When all revenue and costs blend together, it’s hard to know which jobs are profitable. QBO Projects gives you clarity on margins, labor, and time, all in one dashboard.
- Measure True Profitability
View income, labor, and expenses per project to see what’s earning—or losing—money. - Improve Billing Accuracy
Billable time and expenses are tracked automatically, helping ensure nothing slips through the cracks. - Make Data-Driven Decisions
Identify profitable projects to replicate and unprofitable ones to refine, reprice, or drop. - Optimize Resources
Understand how much time and cost each project consumes so you can plan staffing more effectively.
Don’t let hidden costs erode your margins. Project tracking reveals the real story and gives you the visibility you need to improve pricing and protect profitability.
Note: If you’re not using QuickBooks Payroll, you can still track labor costs in QBO Projects. You can apply labor using a burden rate, not just actual wages paid, to get a more accurate picture of true job costs.
Need help setting up QBP Projects or job costing? One 8 Solutions is here for that. Schedule a conversation today!
