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December 29, 2021
Question

Assign Classes and Projects to Employee Wages When Using QBO Payroll

  • December 29, 2021
  • 1 reply
  • 0 views

We are nonprofit and need to track our expenses as "management" or several "functional" categories for reporting on our Form 990. We use classes to track this for expenses and it works fine. We also have to track certain expenses towards grants and we accomplish this using projects.

 

We also need to track our executive director's (ED) wages to either "management" or "functional" (classes) and their time allocated to work paid by a grant (projects).   Prior to using QBO Payroll we entered this information in QBO in by separating the ED's payroll check into the appropriate classes and projects. 

 

Now that we are using QBO Payroll, I cannot specify classes or project to the ED's time.

 

Questions:

1) How can we accomplish something similar with QBO Payroll?

2) Can we assign classes or projects to payroll somehow?

3) Could I make an annual adjustment using Journal Entries?

4) Would QuickBooks Time solve this

1 reply

JasroV
December 29, 2021

Thanks for sharing the details with us, @ A_Small_Nonprofit.

 

Assigning classes or projects to payroll isn't available in QuickBooks Online (QBO) payroll. And yes, you'll want to use QuickBooks Time as a way around to assign projects and classes to your payroll. 

 

You can refer to this link for the complete details: Set up and use projects in QuickBooks Time.

 

In regards to making an annual adjustment, yes, you can use Journal Entries to achieve this. Furthermore, I recommend working with your accountant for guidance and to ensure the accuracy of your accounts. 


Once everything is all set, you can utilize this article for reference in running your payroll flawlessly: Process or run payroll.

 

You can count on me if you need more help with classes and projects in QBO. Just add the details in your reply and I'll sprint back into action. Happy holidays!