How to use Job Costing if you are using inventory items
I am a home builder and started using Quickbooks to keep track of my jobs (i.e. different houses). I started out using Items to represent the details i wanted to keep track of with type "Service" and everything was tracked as COGS. All was wonderful. Then my accountant told me i can't keep track of my expenses that. That i needed to basically put things into inventory until i sold the house. To do that I was told to use the Item with type "Inventory Part" and then assign the asset to the GL account that was of type "Other assets". I can do that but when i run the job cost detail report nothing comes up. I'm told that when you sell the house then you take everything out of inventory and then it will show.
I have to believe there is a easier/proper way to run a business like mine using Quickbooks. My requirement is that i know the costs of my jobs (houses) at any point in time.