To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.

Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm. 

Now let's get started with the exercise.

First, we need to turn Projects on.

Click the gear icon, then select "Account and settings".

Click anywhere in the Projects section, then click the toggle next to "Organize all job-related activity in one place" (this should turn green, indicating it is turned on).

A pop-up warning will ask if you want to leave without saving. This is a glitch in the Sample company. Click "Yes" (your settings will save).

From the left navigation bar, click "Projects".

Click "Start a project".

*Note: this will only appear if this is your first time in the Projects Center.*

In the Project name field, type "Outdoor Studio".

In the Customer field, select "Gevelber Photography".

We need to go back to the Projects Center to add the project for Amy's Bird Sanctuary.

In the Project name field, type "New Wing".

In the Customer field, select "Amy's Bird Sanctuary".

QuickBooks

QuickBooks is a widely-used accounting software developed by Intuit, designed to simplify financial management for businesses of all sizes. It provides a user-friendly platform for tasks like invoicing, expense tracking, payroll processing, and generating financial reports. QuickBooks automates many financial processes, making it easier for businesses to monitor their financial health, prepare taxes, and manage cash flow. With its various versions and integrations, QuickBooks caters to the needs of freelancers, small businesses, and larger enterprises, offering a flexible and comprehensive solution for efficient accounting and financial management.

app.qbo.intuit.com

fastandeasyqbo.com

Scenario: Craig has two employees that help him run his business. He has set up two projects to track his profitability and wants to allocate some of these employee wages to them so he can include the expenses on his profitability report. Ralph Meyers did about $500 worth of work for the Gevelber Photography outdoor studio project, and Sarah Stone did about $650 worth of work for Amy’s Bird Sanctuary’s new wing. Sarah’s work needs to be charged back to the client. How would you reallocate this?

A.4.2c Reallocating Expenses to Projects