Employee hourly rate was not updated and the hours have been recorded for the last few months. is it possible to update the project cost after updating the hourly rate?

It's our pleasure to have you here in the Community space, Edwin.

Yes, it's possible to update the project cost after updating the hourly rate inside QuickBooks Online (QBO). However, please know that you'll have to edit all the activities of that specific employee and manually enter the new hourly rate of that employee. Doing this will also update the overall cost of your project inside your company file. We'll be happy to input the steps to get you going:

1. Access your QuickBooks Online company.
2. On the left navigational bar, go to the Projects tab.
3. Locate the project you wish to update the cost.
4. Click the employee's name in the Hourly Time Cost section.
5. Manually go through each activities the employee performs, and then click on current cost.
6. Enter the new hourly cost rate.
7. Once done, click the Save and close button.

Moreover, we're adding these handy articles to help you manage projects and track their profitability of inside the program:

• Create and manage projects in QuickBooks Online and Accountant.
• Track hourly labour costs and profitability by project in QuickBooks Online.

You can inform us if you need further assistance managing projects inside the program. We're also ready to help you out again if you have any additional concerns related to QuickBooks. Feel free to leave a comment below or visit us anytime. We've got you covered.