Manuel payroll

Thanks for reaching out to the Community forum, @Mikedee.

To ensure that the Timesheet created to track the expense shown on the Profit and loss report, you'll need to make sure that the billable box is check. Then, create an invoice and link the billable time on it. 

To do this, select the same customer on the CUSTOMER: JOB drop-down list. Once the Billable Time/Costs prompt shows, pick the Select the outstanding billable time and costs to add to this invoice? and click OK. Doing so will automatically show the list of time entries in the Time section. You'll just have to select the line item to add it to your invoice. Then, add the rest of its details and close the transaction.

After that, open the Profit and Loss report again as the data should now show. In case you want to have a better view of your business reports, you can do so, just view this link for more guidance: Customize reports in QuickBooks Desktop.

If you have further questions, let me know. I’m here to help and make sure you’re taken care of. Take care.

In QuickBooks time records don't impact your financial statements.

In order for the time to do that, it has to be copied to a financial transaction like a paycheck, check, or even a bill (I think) where rates/hour are added and the time are multiplied out to result in a amounts that do impact the books.

Depending on your settings and the type of name for the worker on the time records (vendors, employees, other names), there are several features that copy the time including payroll and writing checks and creating bills.

You can also bill the time on your sales transactions (invoices, sales receipts) to recoup the cost and perhaps even make some money on it.

Note that owner's time for a sole proprietorship or simple partnership - where the owner isn't a stockholder-employee of a corporation or similar - is not an expense to the company.