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Laurason
Level 1

Job Costing with Salary Employee

We are paid salary at work.  We use timesheets to mark down our hours as some are COGS and some is overhead.  My boss would like to be able to allocate this in QB but does not want to:

 

A - split up the salary amount into hourly amounts for timesheet entries or pull time entries onto paycheques

B - have itemized billing for our clients as they pay one amount for consulting for the entire month (pull in billable time)

C - do journal entries

 

Is it possible for him to job cost the varying amounts without having to do any of the above tasks so that the part of our salary directly related to customer:jobs will show up on reports?

 

 

1 Comment 1
Rochelley
Level 8

Job Costing with Salary Employee


@Laurason wrote:

We are paid salary at work.  We use timesheets to mark down our hours as some are COGS and some is overhead.  My boss would like to be able to allocate this in QB but does not want to:

 

A - split up the salary amount into hourly amounts for timesheet entries or pull time entries onto paycheques This is the only way to allocate time/wages to a job in QB.

B - have itemized billing for our clients as they pay one amount for consulting for the entire month (pull in billable time) There's no need to have itemized billing for your client.  You can make an invoice for any amount you want without itemizing it.  As long as you know what your costs are by pulling a Profit & Loss by Job report, you'll know that you're not losing money an a job.

C - do journal entries  If you don't do A above, the only way you will be able to re-allocate costs to various jobs is by doing journal entries.  Not only that, you will have to track all your job information outside of QB, and then make journal entries.  A whole lot of extra work, IMO.

 

Is it possible for him to job cost the varying amounts without having to do any of the above tasks so that the part of our salary directly related to customer:jobs will show up on reports?

 

 


Short answer is no, you won't be able to allocate wage costs to jobs without entering them into your timecards, or editing your pay cheque and allocating jobs, service items or classes there.  Either way, you still have to break it down in one of those two places - either the timecard or the pay cheque.  Your boss wanting you to allocate salary costs to different jobs without doing any of the things you mentioned, A, or C is unrealistic.

 

Any particular reason why your boss does not want you doing A or C?

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