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JoshJ98
Level 1
posted
a month ago
last updated ‎November 27, 2024 10:53 AM

QBO cannot determine how profitable a specific scope is if you pay piece rate

We are a construction company that installs the windows, mirrors and shower doors. We pay piece rate. This means our installers pay depend on how many items they installed. This means their hourly rate can vary between days and jobs. Right now, QBO CANNOT determine how profitable a specific item is on a profit and loss. Let me walk you through why: 

 

We record labor in payroll inaccurately making the P&L inaccurate.

 

Q: Why do we record labor inaccurately? And how do we do it?
A: (Part 1) Because we cannot allocate multiple items in labor for payroll
A: (Part 2) We have to do a lump sum during payroll, where we pay the total amount, without any nuance of what job or item they worked on.

 

Q: Why can't we allocate multiple items to labor in payroll?
A: Because we cannot use the weekly timesheet function in QBO

 

Q: Why can't you use the weekly timesheet function in QBO?
A: Because we cannot adjust the hourly rate in QBO. It does not have this function.

 

SO, to get accurate reports...
- QBO either needs to allow hourly rates to be adjusted OR
- We switch from paying piece to paying hourly (*If weekly timesheets records into the P&L)

 

One of these two would allow us to use the weekly timesheets function in QBO. Which would allow us to record labor accurately. Which would allow us to determine how profitable a specific item is.

 

QBO, ADD A WAY TO ALLOW HOURLY RATES TO BE ADJUSTED ON WEEKLY TIMESHEETS PLEASE.

 

 

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1 Comment 1
CarlSJ
QuickBooks Team
QuickBooks Team
a month ago

QBO cannot determine how profitable a specific scope is if you pay piece rate

I appreciate the outlined challenges you've experienced when paying employees on a piece-rate basis, and for tracking its profitability in QBO, @JoshJ98. We'll forward this feature request to our product developers for further review.

 

Our dedicated team of QuickBooks engineers is always striving to improve our products to better serve our customers. I encourage you to share your feedback with us, as it will help them assess its potential and consider including this feature in future updates.

 

Here's how to submit a feedback within QBO:

 

  1. Sign in to your QBO account.
  2. Go to the Settings icon.
  3. Select Feedback.

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  4. Enter your product suggestions.
  5. Click Next to submit.

 

While your desired feature is unavailable to QBO, consider exploring third-party applications that specialize in piece rate management and profitability analysis. You can find one on our QuickBooks App Store, which allows you to enter your weekly timesheet within the app and make necessary adjustments.

 

I'll also attach this convenient resource, which will walk you through the steps to generate and personalize payroll reports in QBO, tailored to your business's unique necessities: Run payroll reports.

 

We genuinely value your feedback. If you have any other payroll questions or need assistance managing your employees, let me know below. I'm here to help you right away.

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