Payroll Costs and Project Profitability

Black Belt Bookkeeping · ‎February 24, 2021

If a time entry is associated with a specific customer/project in TSheets(QuickBooks Time), but the total hours are edited when actually running payroll through QuickBooks, are the original time amounts/costs still associated with the project?

I have a client who defaults a couple of their employees to 80-hours per pay period when running payroll, regardless of time entered in TSheets. Since payroll costs are not applied to the project until payroll is run, how do these edits affect the original time entries in TSheets? Hope that makes sense.

Thank you!

MonicaM3 · ‎February 25, 2021

Welcome to the Community @Black Belt Bookkeeping.

Project profitability is such an important tool to make sure the budget is on track.

As you mentioned, payroll costs are not applied to the project until payroll is run. If time is adjusted, only the time actually submitted to run on payroll will be applied to the project costs.

Check out this resource for detailed info: Track income, costs, and profitability

Let me know if you have any additional questions, I’d be happy to help anytime.

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