When entering the Cost rate(/hr) @ in the time activity report, does that cost get recorded to the general ledger as well or is it only for reporting purposes?
Hello there, @Vince2.
The Cost rate(/hr) is only for reporting purposes. It'll only affect or post on the General Ledger after creating a payroll or bill. To learn more about time tracking and available reports about it, you can refer to the links below:
Enter a single time activity timesheet
How to turn on and set up time tracking
For future help about customizing and memorizing reports, check out the articles below:
Available reports in QuickBooks Online
How to memorize reports
I'm still here to help you more if you have follow-up questions. Just drop a comment or mention my name. Wishing you all the best!