Pay Codes in QBO

Thank you for posting here in the Community, @LizaG.

I appreciate you for providing details about your concern. Currently, the option to add a new pay code that is based on hours in QuickBooks Online (QBO) is unavailable. This goes by the percentage of pay or by rate. To know more, you can check out this article: Set up and track time off in payroll. 

Also, here are the steps to create a payroll summary report so you'll have a view of your payroll totals including employee taxes and contributions:

Payroll summary report

1. Go to the Reports menu.
2. Find the Payroll section, then Payroll Summary.
3. Set a date range from the drop-down.
4. Select a single employee or group of employees.
5. Lastly, click Run Report.

Payroll summary report by employee

1. Select the Reports menu.
2. Find the Payroll section, then Payroll Summary by Employee.
3. Set a date range from the drop-down.
4. Click the single employee or group of employees.
5. Choose how you’d like your columns to be viewed by (by employee, weekly, bi-weekly, etc).
6. Check the corresponding boxes if you’d like total Hours or Rates to be shown.
7. Lastly, hit Run Report.

Should you need anything else, don't hesitate to comment below. I'm always around to help. Stay safe and take care always.