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April 2, 2025
Question

Project Profit Report not showing all projects?

  • April 2, 2025
  • 1 reply
  • 0 views

I am trying to filter projects which are ONLY in progress. When i select the filter and run it, a report appears... however that report is missing two project i know for certain are in progress? Not sure what could be casuing them to not get picked up?

 

Thanks

Bryce

1 reply

April 2, 2025

I understand the importance of generating the Project Profitability report when evaluating your income and expenses, bryceanger. Let me explain the information presented in this report.

 

When running a report, it is crucial to use the correct report period and accounting method, as these factors significantly influence how your income and expenses are reported.

 

Additionally, if payroll labor costs are included in the project, they will be reflected on both the project detail page and the Project Profitability Report. However, if the hourly cost rate is used, you will see labor costs calculated on the project detail page, but they will not appear on the Project Profitability Report since the hourly rate cost calculation is not recorded as a transaction in the accounting system.

 

You can monitor the profitability of your projects by viewing the calculated labor costs using the Time Cost by Employee or Vendor report.

 

You may also want to learn more about the Project feature in QuickBooks Online (QBO). This article provides information on how to handle project transactions: Create and manage projects in QuickBooks Online.

 

If you need assistance with customizing the report, you can refer to this article for help: Save a customized report in Quickbooks Online. It also includes details about exporting and printing the report for use outside of QuickBooks.

 

Furthermore, we have a team of experts who can provide personalized guidance on linking your accounts, automating tasks, and teaching best bookkeeping practices to improve your efficiency. For more details, check out QuickBooks Live Expert Assisted.

 

If you require further assistance with managing projects, such as adding them to existing transactions, please reply to this message. We will respond promptly.