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February 13, 2020
Question

How can I reflect employee labour costs in a project, when the hourly rate does not flow through?

  • February 13, 2020
  • 1 reply
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1 reply

February 13, 2020

Hi there,

 

I'm glad to see that you're using the Projects feature in QuickBooks. I'd be glad to share more info about using Projects in QB Online. 

 

The revamped Projects functionality lets you conveniently track your projects income and cost while keeping an eye on your profits. I'll be happy to help with adding the hourly cost of labour to your projects. Tracking your project labour costs is a two-part process. First, you need to calculate the hourly cost rate for each worker. Then you’ll be able to add project timesheets using your hourly cost rates.

 

Depending on whether you're using QuickBooks Online Payroll or not, follow the corresponding steps in this community article on how to track income, costs, and profitability by project. When you add hourly cost rates to your employees in Projects, QuickBooks Online will only allow you to enter one rate. If your employee has multiple rates, you can average the two out, and enter their difference. When you add hours to employee timesheets or payroll, you can select either of their pay rates. For more information about Projects, check out this Community article: Project FAQs.

 

In case you need further assistance, feel free to contact our support team using this link here