Is it possible to see a project profitability report which includes the cost of labour?
I have the time allocated to the project in weekly time sheets. It shows up as either Nonbillable or Unbilled time on the project page dependent on whether I tick the billable box ok, but I can't get it itemised in the project profitability report.
The project is a set quoted price so I don't want to bill the client individually for labour expenses, I just want that cost to show up in the profitability report.
Surely it's a pretty basic requirement to include the labour costs in a project profitability report?
Any help appreciated!
Thank you for your question!
The only way time will show on the project profitability report is if it is included in an invoice - otherwise it will always show as not billed. This is because you are not officially charging for it if not applied to an invoice.
If you would like this feature to be implemented in future updates, you can use the Feedback option under the cog wheel to suggest this to our developers.
Thank you Talia, that's pretty much what I feared!
Not really a lot of use in my situation with a priced job as you don't bill the client for time individually, it's part of an overall price.
I'll take your advice and suggest it to developers.
We would also be very interested in having the ability to see time in this manner.
The ability for the 'whole' of the projects structure to be switched from Cash basis to Accruals basis would be much more useful.
There is a grayed out "Cash basis" next to the 'print list' icon and 'Export to Excel' icon. Is this indicating that there is a switch that can be thrown to change between 'cash' and 'accrual'
"The ability for the 'whole' of the projects structure to be switched from Cash basis to Accruals basis would be much more useful."
Yes, I agree. This is a design flaw on the Intuit's part, I think. We should be able to switch from cash to accrual or vice versa right on the overview page of the project (similar feature available feature on almost all standard reports).
There is a grayed out "Cash basis" next to the 'print list' icon and 'Export to Excel' icon. Is this indicating that there is a switch that can be thrown to change between 'cash' and 'accrual"
In order to switch it to Accrual from Cash, you will need to change it from main gear settings (Gear on the top > Your Company > Account and settings >
Advanced > Accounting > Accounting method > Change to Accrual > Save > Done.
But you would not see "Accrual basis" next to the print icon like you saw grayed out on "Cash basis". Very strange!