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Level 2

Job Costing, Profitability Report

We are using Desktop, Enterprise along with TSheets for our employee time tracking. 

We have Services setup in QuickBooks that are used in TSheets. These Services are double sided with a COGs account and an Income account. When we Quote and Invoice we use these same Services for line items with the quantity as the hours and the price as our billing rate per hour (we are a service company).

We do not "bill" our actual hours from timesheets. Quoted/Invoiced hours are fixed fee estimates. The Job Profitability report does show me actual $ cost vs $ income but I really need a way to see the Quantities (hours) associated with the $. This is very useful for evaluating hours worked vs hours quoted/invoiced.

3 Comments
Moderator

Job Costing, Profitability Report

Hi there, dwit. Thanks for posting in the Community.

 

Setting up a service item will only show the cost on your Job Profitability report if you created a bill marked as billable to a customer. When you enter an expense transaction on the bill or check window, you'll need to select the customer to be billed for the service.

 

To learn more about how job cost works in QuickBooks Desktop, read this article: Tracking job costs in QuickBooks Desktop.

 

If you have any other questions, let me know by commenting below. Have a great day!

Level 2

Job Costing, Profitability Report

We do post the customer to the job when entering time in the timesheet, we just do not "bill" or invoice the customer from the timesheet. We enter the Service and estimated hours "quantity" on the invoice. This all works fine. The problem is that I can not run a report that I know of that shows me actual hours vs estimated hours. I can only see actual $ vs estimated $. 

QuickBooks Team

Job Costing, Profitability Report

Thanks for coming back, @dwit. At the moment, the report that shows actual vs estimated hours isn't available in QuickBooks. 

 

It'd be nice to have this feature in our future update. Don't worry, I'll pass this along to our engineers to let them know of your insights. Letting us know what works best for you and your business will show our developers what they need and consider to improve. 

 

In the meantime, visit and check out our blog site to see what's new in QBO

 

I'll be right here to listen and answer if you have more questions. Take care. 

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