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MCLS
Level 1

PROJECT FUND TRACKING

I have a Project setup with hours assigned for the employees who are authorized to charge against the project.  How do I put a funded amount associated with the project to allow for tracking the hours worked against the amount of funding received?  This is mainly for U.S. government contracting.  Currently I am doing this offline through Excel.  Thank you.  R/Chris 

1 Comment 1
Jelayca V
QuickBooks Team

PROJECT FUND TRACKING

While QuickBooks Online (QBO) allows you to create a Project to document the total funding amount in the Notes section and enables you and your team to log hours worked on that specific project, @MCLS. Please note that it currently does not automatically link the funded amount to the total hours worked.

 

As a result, you'll want to manually track the total hours worked and calculate costs to compare these against your funded amount. Additionally, you can visit our market or go directly to the Apps section in QuickBooks to look for a third-party app that links the funded amount to the total hours worked. Here's how:

 

  1. Navigate to Apps menu in the left corner of your screen.
  2. Click Find apps.
  3. Enter a keyword in the Search bar or select Browse Categories.

 

We encourage you to share your feedback with our Product Development Team, as your insights about the linking funded amount to the total hours worked would be beneficial and can help influence our ongoing improvements.

 

To submit your suggestions, please follow these steps:

 

  1. Navigate to the Gear icon in the upper right corner.
  2. Under the Profile column, choose Feedback.
  3. Enter your feedback suggestion.
  4. Click the Next button.

 

Additionally, I'll share these resource articles to help you track labor costs, manage project expenses, and generate project reports:

 

 

Our Community team is here to provide comprehensive support for your project management queries. Please click the Reply button below, and we'll be there to assist you further.

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