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July 10, 2020
Question

How can I do job costing for my time for myself without doing payroll? I am the owner and a pay myself dividends instead of payroll. How can I get this done?

  • July 10, 2020
  • 2 replies
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2 replies

July 11, 2020

Hey joe40

Making sure you track job costing is important to make sure you get paid for the hours worked. I can help point you in the right direction to get this resolved.

 

In QuickBooks online you can track many things however at this time there is no option to directly track dividends. I'd suggest contacting with your accountant as they are trained in how to enter these kinds of transactions and what accounts they should affect. If you don't have an accountant currently we can help with that. You can go to our find an accountant page and find one in your area that is able to assist.

 

Once you know which accounts to use to record and track the payments we can assist with how to enter it into your QuickBooks Online account.

 

Have a great night!

Fiat Lux - ASIA
July 11, 2020

@joe40 

You may utilize a time tracker app to integrate with your QBO but don't put it as billable.

joe40Author
July 12, 2020

How is that going to let me job cost my time without doing payroll? 

Fiat Lux - ASIA
July 12, 2020

If you are the only user tracking your own time, utilize the starter plan of this app for free.

http://try.hbstf.co/32nwNr

 

Hope it helps.