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February 23, 2021
Question

Employee billable rates

  • February 23, 2021
  • 46 replies
  • 139 views

I am looking to update the default billable rate for our employees in Quickbooks Online. I have searched everywhere but cannot find the list of employee billable rates, only cost rates and product/service rates.

This is for the rate that is auto-entered on timesheets as the billable rate.

46 replies

K_Siman
Level 1
February 23, 2021

Hello @mariekeele! It's good to see you here in the Community. I'm happy to help you with your employee rates. 

 

The rate that comes into TSheets from QuickBooks Online is the cost rate you set up on the Employee Information page within QBO. That's the time that you use to pay your employees for payroll. The time that you use in invoices will use their billable rate.

 

 

In their profile is also where you can make their billable rate default as well. This can't be updated on a company level, it's done individually within their profile. You can, however, run a report to give you a list of the employees and their billable rates. Here are those steps:

  1. Log in to QuickBooks Online as the admin.
  2. Go to Reports on the left menu and search "Employee Contact List".
  3. Click on the little gear icon in the upper right-hand corner of the report.
  4. Click on Show More under Change Columns.
  5. Select the box next to Billable Rate.
  6. Click on the white space to apply (there's no save option).

 

 

 

 

If you have any further questions or need any clarifications, please don't hesitate to respond to this post. All of us here in the Community are eager to help. :)

June 1, 2021

Hello, QBO has recently changed and does not reflect the screenshots above. I also use QB Time but how can I adjust the global Billable Rate for each employee and NOT the individual Billable Rate from the imported Timesheets? Thanks! 

Level 5
June 3, 2021

Thank you, if I make one change, does it then save this value for all subsequent time imported from QB Time? 


Hey tzframpton,

 

Thank you for getting back to us. To answer your question, since billable rates aren't stored in QuickBooks Time, any rate changes in QuickBooks Online will apply when importing time in the future.

 

Again, if you have any more questions, feel free to reach out. My team and I are here to help. Take care!