Hello to all my contractor friends using QuickBooks online! This QuickBooks Online training session teaches how to track changes to the original contract and to the job estimate by using the audit history for the estimate and contract that changed. I thank you all and hope that you will click “like” and “subscribe.
Thanks for the video! How would a change like this affect invoicing going forward? If the client had an original estimate and already paid 20% of it, what happens to the next invoice after the change order? Is the next 20% payment based on the new total, even though part of the total has already been paid?
Thanks Cori As soon as you make the change order and edit the estimate then all numbers are immediately recalculated as soon as you save the changed estimate So the reports will immediately indicate a different percent complete and when you make a new invoice the percent will be recalculated based on the new Total of the open estimate after the change order Give it a try and you will see that it will happen easily and the numbers will be correctly recalculated as soon as any estimate is edited and saved By the way the amount of payments received against the invoices has no effect on the percent complete of the estimate in the report and when billing invoices to estimates and jobs
Hello. I am very new to Quick Books online. I failed to create an estimate for a job and now I have a received a change order that I need to process. Is it still possible to add the change order even though I don't have an original estimate?
Thank you for your question. Thhis video shows, that a change order is a result of an estimate being edited. Therefore, if you did not make an estimate, thern it is not possible to make a change order. If you make a change order without an estimate, then what are you changing? -Mark
this satisfies. The condition that all change orders need. I don't know if you have experience in the construction industry any. Identification of a change in the original estimate is a change order. The most helpful way to track it is to track it the way it shows in the video when you have a second change order for the same item or the same contract.so that's the way it goes in the construction industry just in case you will wondering.
Hello to all my contractor friends using QuickBooks online! This QuickBooks Online training session teaches how to track changes to the original contract and to the job estimate by using the audit history for the estimate and contract that changed.
I thank you all and hope that you will click “like” and “subscribe.
Thank you very much for this class. You have been an incredible help to me and my "young" business.
Glad to help and I hope you will remember to click like after all watching each one and be sure to subscribe
Mark
Thanks for the video! How would a change like this affect invoicing going forward? If the client had an original estimate and already paid 20% of it, what happens to the next invoice after the change order? Is the next 20% payment based on the new total, even though part of the total has already been paid?
Thanks Cori
As soon as you make the change order and edit the estimate then all numbers are immediately recalculated as soon as you save the changed estimate
So the reports will immediately indicate a different percent complete and when you make a new invoice the percent will be recalculated based on the new Total of the open estimate after the change order
Give it a try and you will see that it will happen easily and the numbers will be correctly recalculated as soon as any estimate is edited and saved
By the way the amount of payments received against the invoices has no effect on the percent complete of the estimate in the report and when billing invoices to estimates and jobs
Hello. I am very new to Quick Books online. I failed to create an estimate for a job and now I have a received a change order that I need to process. Is it still possible to add the change order even though I don't have an original estimate?
Thank you for your question.
Thhis video shows, that a change order is a result of an estimate being edited. Therefore, if you did not make an estimate, thern it is not possible to make a change order.
If you make a change order without an estimate, then what are you changing?
-Mark
Thank you so very much?
Thank you as well and I hope you keep watching and continue to ask me any questions that you might have as you go along.
Mark
I’m not sure if you understand what a Change Order is in the construction industry. It’s more than identifying changes on an estimate. Thanks anyway.
this satisfies. The condition that all change orders need. I don't know if you have experience in the construction industry any. Identification of a change in the original estimate is a change order.
The most helpful way to track it is to track it the way it shows in the video when you have a second change order for the same item or the same contract.so that's the way it goes in the construction industry just in case you will wondering.
Agreed - you don't just edit the number of units to the original - that's insane! Original vs CO must be broken out to match the AIA