Using quickbooks to keep track of rehab costs vs. budget
Is there a way to easily use Quickbooks to track expenses for a specific rehab project (flip) against an initial budget?
Let's say at the beginning of a new rehab project I have estimated amounts for the labor costs, material costs, property taxes, insurance, utilities, staging, etc. As the rehab progresses and I incur expenses within each of those categories, I would like to be able to quickly compare the total amount incurred so far vs. the total amount estimated. At the end of the project I can see where I over-budgeted and where I under-budgeted.
I have each of my rehab projects set up by class. All of the expenses for each current project are put into inventory accounts, then after the property is sold I move it all to COGS.
I played with the "Budget" feature but it seems to be a function of expenses over time, rather than simply total expenses per project. I realize I could do this with a spreadsheet but I'd love to keep it within QB if possible.
Any help or guidance would be appreciated!