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H
HWillard
June 27, 2024
Question

Hourly Rate Calculator

  • June 27, 2024
  • 1 reply
  • 0 views

Does anyone know where the Hourly Rate Calculator went in the projects tab? Here are links to show videos and blogs, from QB, of the calculator in action. If you fast forward the video to minute 1:00 you will see this feature being used. It pulls the employee hourly rate + insurance + workmen's comp, etc. for the true cost per hour. No one from QB customer service seems to know what I am talking about. It isn't in their test account. Again, I have several videos and intuit blogs that show and tell how to use this feature. Please see below. 

 

How to add labor costs to a project in QuickBooks Online - YouTube

 

Solved: Tracking labor costs (intuit.com)

 

I have employee cost rates listed, but one of my employee's cost rate is not appearing on all of her time entries on the project report. How can this be fixed? (intuit.com)

 

 

1 reply

S
Shania_C
June 27, 2024

Welcome to the Community, @ikorody.

 

I can assist you with the concern you have about the hourly rate calculator in the projects tab in QuickBooks Online.

 

In the recent updates to QuickBooks, the calculator icon used for calculating and adding employee hourly rates has been removed. If you use hourly cost rates to track your expenses, QuickBooks will calculate employees' labor costs using their timesheets tracked to your project. However, it's important to note that hourly cost rates will only calculate costs on new timesheets going forward. Any timesheets created before the hourly cost rate was entered will not be calculated in the project overview or reports.

 

Moreover, here are some articles you can check to learn more about tracking hourly labor costs and profitability. Also, added a resource where you can refer to the complete guidelines for customizing in QuickBooks Online:

 

 

I'm only a comment away if you have any questions about managing your employees in QuickBooks Online. Take care and enjoy your weekend!

H
HWillardAuthor
July 18, 2024

I am confused because the videos you sent me shows the calculator. Your suggestion doesn't help me because it uses the calculator. Is there a QuickBooks upgrade I need for this calculator? I am so backed up on my tracking because of this change. 

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