See how to bill and recognize revenue! Dan and Shanna walk through estimates, progress invoicing, deposits, retainage, and change orders in QBO Projects.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners.

Learn More about the Bookkeeping 4 Contractor's Group: https://snip.ly/WSWB4CG 
Earn CPE at Earmark for the workshop at: https://bit.ly/SofBCPE 
BOGO: Get QBO Advanced and School of Bookkeeping together! Learn more here: https://snip.ly/bundle 

Brought to you by http://www.schoolofbookkeeping.com   Keep Learning QuickBooks - Your Way!!

00:00 Introduction and Casual Chat
01:51 Job Costing Overview
03:49 Understanding Retainage and Deposits
10:31 QuickBooks Workflow for Retainage and Deposits
13:43 Fixed Fee vs. Time and Materials
15:21 Handling Change Orders and Scope Creep
20:03 Progress Invoicing Explained
23:44 Best Practices for Billing and Invoicing
31:50 Work in Progress (WIP) and Job Costing Reports
37:58 Bookkeepers for Contractor Group Updates
40:22 Conclusion and Upcoming Topics