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nonyanon
Level 3

How does the owner of the company track their time in QBO?

I see how I can add a 1099 contractor and track their time - but how do I categorize when contractor is doing work for my company within QBs (instead of categorizing contractors time with a specific customer of mine).

 

Also, how can I track my personal time (owner of the business), and categorizing as my time spent in general (not connected to a specific client).

 

I'm using QBO's built in time tracking, not an external app.

 

 

11 Comments 11
RenjolynC
QuickBooks Team

How does the owner of the company track their time in QBO?

Hello there, nonyanon.

 

In QuickBooks Online, the time tracking feature is only used for either employees or vendors. You can check this article for more information: How to turn on and set up time tracking.

 

You can also search for a third-party application that has similar functionality by clicking Apps on the left navigation menu of your QuickBooks Online account.

 

Please let me know in the comments if you have any additional questions or other concerns. Take care and t stay safe. 

Fiat Lux - ASIA
Level 15

How does the owner of the company track their time in QBO?

@nonyanon 

Consider having this app tracking your time to serve your own company. You may assign yourself as the consultant and your clients are your employees, your projects, and your divisions. Make sure you choose TS Pro, not TS Lawyer.

https:// timesolv.idevaffiliate.com/222.html

 

TheNonyanon
Level 2

How does the owner of the company track their time in QBO?

Hello, I appreciate all your replies - can I just make the owner an employee, or will that mess up the books.  

 

I do not want to use a 3rd party app, nor pay for one.  I prefer to use QB's internal tracker

Steve_C
QuickBooks Team

How does the owner of the company track their time in QBO?

Hi TheNonyanon. Thanks for the reply. Time tracking in QuickBooks Online is a simple task. Depending on which payroll product you use through the process can be slightly different. So to ensure you get set up correctly, here's a link to the article for how to set up time tracking:

Adding the Owner as an employee simply for time tracking will cause no changes, but if you run payroll with this time added unintentionally it will change your current payroll liability. 

 

Let me know if you need anything else, I'm always here to help and enjoy the rest of your day. 

 

nonyanon
Level 3

How does the owner of the company track their time in QBO?

Thanks Steve with QB's Team, I will do that.

windpoppy3-gmail
Level 2

How does the owner of the company track their time in QBO?

Hi.  I have the same question and none of the replies above really answers it.  I'm an owner, I do not pay myself through payroll, but I want to track my time billable to clients and import that data into invoices.  From your answer, and the others, it seems like my only option is to set myself up as an employee or a contractor.  However, I would then accumulate "unpaid" employee or contractor hours-- wouldn't that just accumulate as an unpaid liability in QBO?  What happens when I run payroll for my employees?  Is there really no solution?  This is such an obvious need for sole props with a working owner-- I'm baffled that QuickBooks doesn't have a solution.  Thanks for your time.

windpoppy3-gmail
Level 2

How does the owner of the company track their time in QBO?

Hi.  I have the same question and none of the replies above really answers it.  I'm an owner, I do not pay myself through payroll, but I want to track my time billable to clients and import that data onto client invoices.  From your answer, and the others, it seems like my only option is to set myself up as an employee or a contractor.  However, I would then accumulate "unpaid" employee or contractor hours-- wouldn't that just accumulate as an unpaid liability in QBO?  What happens when I run payroll for my employees?  Is there really no solution?  This is such an obvious need for sole props with a working owner-- I'm baffled at the possibility that QuickBooks doesn't have a solution.  Thanks for your time.  

SirielJeaB
Moderator

How does the owner of the company track their time in QBO?

Windpoppy, we appreciate the opportunity to assist you here in the Community forum. Thank you for taking part in the discussion.

 

I understand how crucial it is to track your billable time to clients and incorporate that data into their invoices. I'd be delighted to provide you with further information on this subject.

 

You are correct that you should set up as an employee or contractor to establish a billable time for your customer. Additionally, since you will charge your customer through an invoice, an unpaid employee or contractor won't accumulate.

 

The Unbilled time activity in your Unbilled time tab under the Sales menu will reflect any billable time you generate for a specific customer. When you create an invoice, it appears on the side part, then click the Add button.

 

Take note that if you want to bill your customer directly from tracked time, you will need to turn on first the billable time setting.

 

To enter time, click +New, then choose between Single time activity or Weekly timesheet. Then, the Billable hour should be selected and assigned to the customer.


Capture.PNG

 

You might want to read this article to learn how to use QuickBooks Online to generate invoices from project expenses: Invoice customers for project expenses in QuickBooks Online. It also has an information on how to charge consumers for time and materials, a fixed price, or particular project-related expenses.

 

Keep me posted if you have additional questions regarding setting up billable time or other QuickBooks-related concerns. I'm always available to assist you. Have a flourishing year!

brokenlake
Level 1

How does the owner of the company track their time in QBO?

How do you set it up to track owner time for reporting only?  General contractor is owner and doesn't want to "bill" time to the client, yet wants to keep track of it in the project for profit and loss reporting.

KlentB
Moderator

How does the owner of the company track their time in QBO?

You've come to the right place for assistance, brokenlake. I'll be glad to share tips on how to achieve that in the program.

 

With QuickBooks Online, you can set up the owner as a contractor to track the number of hours consumed in a project. You'll have to uncheck the Billable option if you don't want to bill the time to the customer. 

 

  1. Go to the Payroll menu and choose Contractors.
  2. Click Add a contractor, then enter the owner's info.
  3. When you're done, click the + New icon.
  4. Select Single time activity or Weekly timesheet.
  5. Set the appropriate date, vendor, and rate.
  6. Fill in the other necessary fields, then untick the Billable (/hr) checkbox.
  7. Hit Save and close.

 

singletimeactivity.PNG

 

Please take note that entries will only be displayed on the Time Activity tab and Time cost by employee or vendor report so you can see or monitor the hourly cost. They won't directly reflect on the probability reports since you they weren't charged to a client. 

 

Timeactivitytab.PNGtimereport.PNG

 

If you really want them to reflect on the P&L to see how much money you spent and made, you may need to use a third-party time tracking and scheduling app. Feel free to visit our market or head to the Apps menu within your account to search for one. I'll show you how:

 

  1. Select Apps from the sidebar menu.
  2. Click the Find Apps tab.
  3. Enter a keyword in the search bar or select Browse category to filter the results.

 

KlentB_0-1675762778543.png

 

For more tips and resources in managing your timesheets in QBO, check out the articles below:

 

 

You can always visit us back here if you need a hand in organizing your expenses and other business transactions. Help is just a post way!

TMoore
Level 2

How does the owner of the company track their time in QBO?

Ditto. Right now, I use one of my employee's time to bill and double his rate (or add whatever I think my time was worth to the employees who worked with me.) It's awkward, and if I do a job by myself? What?!.

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