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May 7, 2023
Question

I need to add hourly rate to projects how do i do that? I know how to add hours but where do I put the hourly rate in?

  • May 7, 2023
  • 1 reply
  • 0 views
I need to add hourly rate to projects how do i do that? I know how to add hours but where do I put the hourly rate in?

1 reply

May 7, 2023

Good day, @calvertelectrica.

 

I'd be glad to share with you the steps on how to add hourly rates to projects in QuickBooks Online (QBO).

 

Here's how:

 

  1. Go to the Projects menu and click the name of the project.
  2. Under the HOURLY TIME COST, click HOURS.
  3. In the Cost rate (/hr) section, enter the rate. Make sure to uncheck the Billable (/hr) box so the system will follow the cost rate. 
  4. Click Save.

To track your payroll expenses, you can generate a Project Profitability report from the Project Reports tab. This report provides a detailed view of your project accounts and transactions, allowing you to gain valuable insights into your project's financial performance. See this article for your reference: Understanding project profitability.

 

If you have any other questions or concerns about using QuickBooks, please feel free to leave a comment below. I'm always here to assist you and provide valuable insights to help you achieve your goals.