cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get your business taxes done right with unlimited expert help. Check out QuickBooks Live Expert Tax
gdj09
Level 1

Time costs showing up twice in a project

I use the Weekly Timesheets to record hours each employee works on a project.

Regular pay setting is linked to COGS: Cost of Labor for each project.

My problem is: when I go into a specific project's Income v. expense section, each employee's time cost is showing up under HOURLY TIME COST and COST OF GOODS SOLD. This is creating a double expense for that project which makes the profit appear lower than it should be. The HOURLY TIME COST includes taxes whereas COGS does not.

How do I make the COGS: Cost of Labor line disappear from the Project Expense for each project??

1 Comment 1
MarkAngeloG
QuickBooks Team

Time costs showing up twice in a project

I understand the importance of recording time costs properly on a project, @gdj09. Rest assured, I'm here to help you handle this so it won't have to show duplicate expenses.

 

These are the different factors to consider if you're experiencing duplicate expenses on a project: 

 

  • Ensure you use the correct hourly labor cost view type for your projects. You can switch between viewing payroll expenses or hourly costs by going to the project and selecting the Payroll Expenses or Hourly Costs in the Employee Rate dropdown.
  • Review your Project Expenses and Hourly Cost RateThis can help you understand the source of the issue and make necessary adjustments.
  • Review and correct your Regular Pay setting account to ensure the expenses won't be reflected in the Cost of Goods Sold.

 

Furthermore, you can also learn how to track billable time by job to help you track time costs in your projects efficiently.

 

Please keep us updated with your concern about recording time costs properly on a project in QuickBooks Online. I'm always here to assist you.

Log in Today
Get expert help and peer support to tackle all your QuickBooks questions effortlessly.

Need to get in touch?

Contact us