Labor Cost

Warm welcome, @ryanb11. Let me guide you on how to add all of the labor costs in QuickBooks Desktop.

First, set up your QuickBooks preferences:

1. Hover to Edit, then Preferences.
2. Select Accounting, then Company Preferences.
3. Make sure the Use class tracking for transactions is selected.
4. Select Payroll & Employees, then Company Preferences.
5. Select Job Costing, Class and Item tracking for paycheck expenses. 
6. Select whether to track it by Entire paycheck or Earnings item and hit OK.

You can track job expenses by creating new payroll items or editing your existing addition, deduction, or company contribution items.

 To set up payroll items to track expenses by job:

1. Hover to Lists, then Payroll Item List.
2. Select the Payroll Item dropdown, then New.
3. Select Custom Setup, then Next.
4. Select Deduction, Addition, or Company Contribution, then Next.
5. Enter the name of the item, then select Track Expenses by Job.
6. Select the info as needed on each window, then Finish.

As you create and run payroll, you'll need to open your employees' paycheck details. Select the job name from the Customer: job column in the Earnings item section and add the hours or pay. Do this for each job the employee worked. In reports, amounts are divided based on the division of jobs on paychecks.

For more detailed information, check out this article: Set up and track payroll expenses by job in QuickBooks Desktop Payroll.

Moreover, you can track job costs in QuickBooks Desktop. With this feature, you'll know how much money you are spending and earning for every job and determine the profitability of each project. 

Whenever you need further assistance managing your labor costs, I'm here to back you up. Utilize the reply button below to enter any inquiries or concerns.