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BWRENOS
Level 2

Job Costing - Salaried Employee Time

How do I get proper / accurate job costing reports with a salaried employee?

I draw a weekly salary from my construction business based off 40 hours per week.

Some (most) weeks I work more than 40 hours on a project. 

How do I reflect the additional hours on a job without having to pay myself for those extra hours?

3 Comments 3
Angelyn_T
Moderator

Job Costing - Salaried Employee Time

Hi there, @BWRENOS. Let me share with you some information about running job costing reports in QuickBooks Desktop (QBDT).

 

The system creates reports based on sources and targets. In QBDT, you can access various job reports like the Time by Job Summary or Time by Job Detail. To access the reports:

 

  1. Go to the Reports menu.
  2. Select Jobs, Time, & Mileage.

 

When tracking job costing for a salaried employee, you can enter hours on salary employee paychecks just like hourly employees. When doing this, you'll enter the salary item on multiple rows and enter hours for each job just as you for hourly employees. QuickBooks will split the salary up according to the hours entered on each row of the earnings table.

 

For more tips about the job costing feature, you can open this article: Track job costs in QuickBooks Desktop.

 

Additionally, you can get more tips about handling your QBDT reports from this link: Understand reports.

 

If you have any other questions about job costing reports, let me know by adding a comment below. I'll be right here to provide additional assistance. Keep safe!

BWRENOS
Level 2

Job Costing - Salaried Employee Time

Thanks Angelina,

if I entered a total of 50 hours for a salaried employee, would that affect the paycheque?

 

I didn’t realize or consider a salary vrs hourly setting 

Jen_D
Moderator

Job Costing - Salaried Employee Time

Thanks for reaching out to us, @BWRENOS.

 

You can add the extra hours in the timesheet for the same pay schedule of your payroll, it will not affect the paycheque you already created. Also, for the next pay run, as long as you don't use the next pay period, it will not show up in the new paycheck.

 

Also, for salaried employees, the hours will not really affect your pay, because they have a fixed pay rate. I'm adding this link again for reference:: Track job costs in QuickBooks Desktop.

 

Please visit us again if you have other concerns with QuickBooks and time tracking. I'll be right here to help. Have a good day!

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