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N
Newtorr
February 27, 2019
Question

Project profitability WITH time costs

  • February 27, 2019
  • 4 replies
  • 0 views

Is it possible to see a project profitability report which includes the cost of labour?

I have the time allocated to the project in weekly time sheets. It shows up as either Nonbillable or Unbilled time on the project page dependent on whether I tick the billable box ok, but I can't get it itemised in the project profitability report.

 

The project is a set quoted price so I don't want to bill the client individually for labour expenses, I just want that cost to show up in the profitability report.

 

Surely it's a pretty basic requirement to include the labour costs in a project profitability report?

 

Any help appreciated!

4 replies

T
TaliaI
February 27, 2019

Hello Newtorr,

 

Thank you for your question!

 

The only way time will show on the project profitability report is if it is included in an invoice - otherwise it will always show as not billed. This is because you are not officially charging for it if not applied to an invoice.

 

If you would like this feature to be implemented in future updates, you can use the Feedback option under the cog wheel to suggest this to our developers.

 

Thanks,

 

Talia

    N
    NewtorrAuthor
    February 27, 2019

    Thank you Talia, that's pretty much what I feared!

    Not really a lot of use in my situation with a priced job as you don't bill the client for time individually, it's part of an overall price. 

     

    I'll take your advice and suggest it to developers.

    T
    TaliaI
    February 27, 2019

    Hello Newtorr,

     

    Hopefully it's something they can look into!

     

    Thanks,

     

    Talia

      david_g
      david_g
      June 4, 2019

      We would also be very interested in having the ability to see time in this manner.

      The ability for the 'whole' of the projects structure to be switched from Cash basis to Accruals basis would be much more useful. 

      There is a grayed out "Cash basis" next to the 'print list' icon and 'Export to Excel' icon. Is this indicating that there is a switch that can be thrown to change between 'cash' and 'accrual'

        T
        TaliaI
        June 4, 2019


        Hello david_g,

         

        Where is this option displayed? When viewing a project or when viewing the project report?

         

        Thanks,

         

        Talia

        N
        Nathanielm
        March 3, 2021

        I know this has been closed for a while, but it seems like this issue is still ongoing?

         

        I would like this feature also! Seems weird that I cannot see my project profitability WITH my labor.

         

        Thanks!

          S
          Sanjay-S
          May 14, 2021

          Same here. why on earth would you want to see a project without labour costs as that really isn't a profitibility report is it!!

            H
            healdman45
            August 12, 2021

            Bumping this up again,  I completely agree that labor costs need to be on the project profit forms!

              D
              DebSheenD
              January 16, 2023

              I recognize how helpful it is to run a report with a time cost option in QuickBooks Online, @peter-maddison. 


              I would like to reiterate what Talial mentioned that we can view that report if it's included in an invoice. Thus, I recommend sending our Product Development team feedback to help improve your experience. They can take a look and might consider this as part of future enhancements.


              Here’s how:

               

              1. Open your QBO account.
              2. Hit the Gear icon at the top, then click Feedback.
              3. Enter your comments or product suggestions.
              4. Tap Next to submit.


              You can track your feedback through the QBO Feature Requests website.

               

              Rest assured that our product engineers are continuously working on improving your QuickBooks experience.

               

              Once everything is good, see this guide to learn more on how to add and manage repeating transactions in QBO: Create recurring transactions in QuickBooks Online.

               

              Please let us know if you have other concerns about this matter or QuickBooks in general. You can leave a comment below so we can respond as soon as we can. Keep safe!

              G
              GeorgeCostanza
              June 14, 2023

              LOL.  So 4 years after someone pointed out a major flaw with the way project reporting works, your "solution" is to "ask the developers to fix it".  People did that 4 years ago.  It doesn't sound like you guys are going to fix it any time soon.  That is an amazing turn around time on this fix.  I mean you guys are the best in the world!  Is there any other service provider that would take more than 4 years to fix something?  I doubt it.  You guys are the BEST at NOT doing anything.

                S
                sadkwikbooks
                June 14, 2023

                I'm with Costanza on this one. How can you ignore the cost of labor and call any report project profitability?

                 

                So much for The Summer of George.

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