Your job costing system is an invaluable part of your business, forming an integral part of the workflow process. You use it to set job costs, base employee pay, estimate completion time, and calculate your profit margins. Your job costing systems, like other essential parts of your business operation, need to be audited on a regular basis to avoid problems down the road.
If you are using QuickBooks Online for your accounting and bookkeeping, you should learn about the Company Snapshot.
There is no denying that managing the financial end of a business takes some effort. Thanks to Intuit and QuickBooks.