Estimating may be the most important - and most difficult - part of running a business. Job costing can also help you estimate more accurately. This shows you which jobs are making money and which are not. Job costing means tracking the expenses for a job and then comparing those expenses to the job’s revenue. Job cost tracking is an extremely important part of a business. That means you can buy and sell products in precisely the way your suppliers and customers prefer. QuickBooks can automate the conversion from one unit of measure to another as the item moves through your business, helping you avoid costly mistakes. You may buy the same item in one unit of measure, stock it in another, and sell it in yet another.
Automatically track inventory items in different units of measure The home currency refers to the currency that is used in the country in which your business is located. With multicurrency, you can also set up a fixed foreign price for items, or enter prices in your home currency and then have QuickBooks Pro calculate the foreign price based on the current exchange rate. Tracking these foreign-currency transactions is as easy as selecting the foreign customer or supplier from your list QuickBooks Pro takes care of everything else. With QuickBooks Pro you can record, track and account for foreign transactions regardless of the currency used.
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