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We have Quickbooks Desktop version: Premier Plus Contractor Edition. We have a third party that processes our payroll. We utilize Quickbooks time sheets to keep track of the billable time per job, these time sheets are forwarded to our payroll company weekly. I have spent a few hours with Quickbooks payroll help and so far unable to find a resolution to solve. Attached is a screenshot showing our revenue billed for the job, however the labor cost is not reflecting.
Please help, thank you!
QuickBooks Desktop (QBDT) reports have different columns with various data associated, Kenny66. Let me discuss this with you and provide another report to see the paycheck items for your labor cost.
The Acct no. column on the Job Profitability Detail report contains amounts related to product items that are billed to your customers. Therefore, labor costs from imported timesheets are not reflected in the said column. For paycheck-related items, check the No. Item section. Kindly refer to the visual reference provided below:
You can explore these resources to gain more information on tracking jobs and getting deeper information when generating reports in QBDT:
Additionally, to ensure the accuracy of your financial records in QBDT, learn our reconciliation workflow.
The Community is available 24/7 for any additional help you may need when managing your QBDT report. Click the REPLY button below, and we'll monitor your response to provide support promptly. Stay safe!
Thank you Irene,
In our screenshot that we provided, Labor is not under No Item category. We have a different item reflecting under the No Item category. I was provided the two links you provided today the other day and unfortunately they do not provide an answer to what we are trying to accomplish.
Do you have any other insight please?
Thank you!
I appreciate your return to the thread, @Kenny66. I have some clarification on the labor costs that don't appear in your Job Profitability Detail report in QuickBooks Desktop (QBDT).
Please be aware that when you generate a report in QBDT, each report has its specific targets and sources, which serve as the origins of the data displayed in the report. Therefore, when you run the Job Profitability Detail report, the actual costs displayed are derived from the cost of service items linked to an expense transaction that is billable to your customers within the program.
Moreover, please be aware that the billable time assigned to your employee for a specific product or service item rendered will not appear in the column under the service products. Instead, you can refer to the Acct no column, as it shows the amounts related to the product items billed to your customer. To review paycheck-related items, you can also review the in No. Item column.
On top of that, I recommend exploring this article to help you modify and add more details to your reports: Customize reports in QuickBooks Desktop.
If you need assistance memorizing reports, which you can pull out seamlessly for future use, please let me know in the comment section. Rest assured, I'll make sure to provide a prompt response. Stay safe.
Hi Kurt,
Thank you, however Irene mentioned the No Item cost as well, our Labor and management costs are listed under a Service we provide. I have read a number of times how to customize reports and I find no information on how to customize a report that will reflect labor costs on the Job Profitability Detail Report.
How do we get our labor costs to reflect in this report? Can someone please tell me if this is possible?
We appreciate the help.
Kenny
Accurate financial reporting is essential for effective business management as it provides a clear and precise understanding of the financial health of your company, Kenny66. Let me share some insights about this.
Please note that the timesheet is non-posting. Given that you are using the QuickBooks time sheets to keep track of the billable time per job, the time entries do not directly affect the financial accounting records when initially entered.
If the time entry is marked as billable and added to an invoice, the amount won't reflect in the Actual Cost because it isn’t assigned to any specific job-related expenses in the system. However, once the billable time is included on an invoice, it will be reflected in the Actual Revenue column.
To know more about this, feel free to review this material for more guidance with tracking job costs in QBDT: Track job costs in QuickBooks Desktop.
Furthermore, you can check out these articles to learn how to personalize your reports and save them for future use:
If you have any further questions or require assistance in navigating this process, don't hesitate to revisit this thread. My team and I are here to ensure that your financial reporting is as straightforward and effective as possible.
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