Hello there, @jfrazier.
You can pull up the Time cost by employee or vendor report from the Projects menu in QuickBooks Online (QBO). Then, before you print, you'll have to customize it to get the information you need. Let me guide you how.
I've attached screenshots below that show the last four steps.
You can use projects to quickly calculate your project income and costs. The system will separate your hourly labor to give you a clear picture of your profits from every project. To know more about this, kindly refer to this article: Track income, costs, and profitability by project. It also includes the details about calculating your hourly time cost.
Additionally, to learn more about getting your project labor costs in real-time by running a time cost report, you can check out this article: Project Labor Costs.
Please know that you're always welcome to comment below if you have other concerns or follow up inquiries about monitoring your project labor cost in QBO. I'm just around to help. Take care always.
Thanks for the response. When I do what you say as a time report, it lists the labor by class, but I don't have an arbitrary "cost" setup per employee so it just shows as a zero cost. Even if I did, the labor cost wouldnt be accurate as QB would simply multiply the arbitrary $/hr cost by the hours charged. Why doesn't QB track the actual labor cost associated with those hours per employee? (Not allocating employer taxes against the same class code is another complaint of mine as well!!) When I enter timesheets in QB payroll, I take the extra time to enter each employees hours by a customer and class code. Every employee hour paid is accounted for by project and class code.
What you described allows me to look at labor alone, but why doesnt QB consider project labor as an expense when I run a profitability report? For example go to projects/project reports/project profitability and run the report. Then change the "display columns by" to "Classes", and the new report strips all of my actual labor costs into a "Not specified" category when I know that I entered labor hours by class.
Thanks for following up with the Community, jfrazier.
Currently, our Time Cost report is the best option for getting a real-time view of your project labor costs. If you'd like to submit feedback and/or product suggestions about QuickBooks Online, you can do so while signed in.
1. Use your Gear (⚙️) icon.
2. Click Feedback.
3. Enter your suggestions and/or comments.
4. Hit Next.
5. Choose Skip and send message.
6. The available drop-down menu can be used to pick an appropriate category.
7. Select Send message.
Your feedback is definitely valuable to Intuit. It goes directly to our Product Development Team and will be considered in future updates. Feature requests can be tracked through the Customer Feedback website.
If there's anything else I can help with, please feel more than welcome to reach out anytime. Have a fantastic day!
Previously, before QB took over T-sheets, our ACTUAL expenses were accounted for PERFECTLY under expenses in that same Project Menu in the middle of the screen under EXPENSES. It included actual wages and taxes allocated to the job as well as any other expenses allocated to the job. WHY did it stop all of a sudden and QB is stating the "best" way is to estimate the cost of payroll for my projects. This is a serious deficit to the reporting. Not being able to see the actual costs of payroll for a project is ridiculous for an accounting software package.
Thanks for joining this thread, and for sharing some insights about tracking payroll expenses by customer, kim110.
For now, you're unable to add a customer or project since payroll posting is separate from QuickBooks Online alone.
The billable expense feature has the ability to incur an expense to a customer. Check out this link for instructions and detailed steps: Enter billable expenses.
To keep all your billable expenses organized, you can browse this link: How to enter billable time by job.
I also suggest sending feedback about the feature that you want by following these steps outlined below:
Your valuable feedback goes to our Product Development team to help improve your experience in QuickBooks. You can track feature requests through the QuickBooks Online Feature Requests website.
Stay in touch with me if there's anything else you need by commenting below. I'll be right here to help you with QuickBooks.