Hello,
I would like to create a project and track my time towards it so I can bill the customer. However, I am the business owner and I don't take a salary so I am not set up as an "employee" How can I set myself up so I can track my time hourly for the project but not skew any reports or payroll things if I set myself up as an employee?
QuickBooks Online requires an employee or vendor profile set up in the system to track hours for project management, NIPPAERO. Let me explain how time entry works in this platform.
Time entries in QBO are considered non-posting transactions. This means that simply tracking time doesn't automatically impact your financial reports or payroll. Even if you've set yourself up as an employee, these time entries won't appear on payroll reports by default.
For time entries to be reflected in your payroll reporting, they need to be specifically included in paychecks. This gives you more control over how time data is used and ensures that only relevant, compensated hours are factored into your payroll calculations.
Additional details about tracking hours are discussed in these articles:
Now, let me share these steps on how to set up yourself as an employee:
Once everything is set, follow these steps on how to track your time:
After that, it will appear in the Hourly Time Cost section of the project, but it will not be counted as part of your expenses yet.
From there, you can add the time when invoicing your client for the work completed. For guidance on this process, let me share this article with you: Invoice customers for project expenses in QuickBooks Online.
Don't hesitate to reach out to out again if you encounter any challenges or have additional questions about time tracking, project management, or invoicing in QuickBooks Online. Our network of users and experts is always ready to assist you in maximizing the potential of QBO.
So as an “Admin” I can add myself as an employee and track my time. What happens when I run payroll? Do I have to run it for my time as well? Do the hours bulked to the customer have to also be paid to the employee (me)?
Ok. I read through your solution and tried it ion Quickbooks. It worked. Thank you so much.
Your detailed response is valued, NIPPAERO.
I appreciate you getting back to us and confirming that the suggestions have fixed the issue. On behalf of my colleague, you're always welcome. Please know that it's our pleasure to address any questions or concerns using QuickBooks.
Additionally, you can run various payroll reports (Standard or Advanced) to ensure you pay yourself accordingly or pull up financial reports to gain a comprehensive insight into your business and bookkeeping.
If you need additional assistance paying yourself in QuickBooks, tick the Reply button. I'll ensure to take care of you accordingly.
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