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Frequent Explorer **

Payroll job costing - funds from a different account

Our parent company (Company A) has all our jobs. Income in/expenses out. 

Company B (sub-company of A) is  used to pay the employees. 

How can I show labor cost per job without showing money out, as company A does not incur these cost. We do transfer funds from A to B every week. We outsource payroll. 

I need to show labor cost in job costing for Company A. 

 *Currently using QB Desktop premier contractor edition 2018*

Thank you. 

2 Comments
Established Community Backer ***

Re: Payroll job costing - funds from a different account

Hmm... It might be helpful to know what you are trying to achieve to give good answer since I am seeing the bolded items as the same thing.  Incurring cost = Expenses out.  Are they two different tax ID's?  If company A has jobs and collects income they owe taxes on that income.  If Company B has employees they owe wages and payroll taxes. What is the goal with splitting them up? For one thing, I think that requires two different QB systems unless you are using Enterprise so then you are looking at doing intercompany transactions which I suggest no one should do on QB.

 


@Holli827 wrote:

Our parent company (Company A) has all our jobs. Income in/expenses out. 

Company B (sub-company of A) is  used to pay the employees. 

How can I show labor cost per job without showing money out, as company A does not incur these cost. We do transfer funds from A to B every week. We outsource payroll. 

I need to show labor cost in job costing for Company A. 

 *Currently using QB Desktop premier contractor edition 2018*

Thank you. 


 

Frequent Explorer **

Re: Payroll job costing - funds from a different account





Teri, 

I am trying to show labor cost in my job costing (company A). 

Both companies are different, different tax IDs and different QB accounts. 

We split them for insurance purposes (another topic)