Thanks for getting back to this thread, @Aaron at LTJ. Allow me to clarify things for you.
As mentioned by my colleague above, you can track your employee's hourly costs without having QuickBooks Time or Payroll. Simply use the Time Tracking feature to record an hourly cost.
With regards to the statement about importing time, it means associating it to a bill or invoice to include in the Job Profitability or Company Financial Reports.
If you wish to pull a report showing all labor hours and material cost that was applied to each job, you may generate two reports, export them to Excel. From there, you can manipulate and condense them into one. For more info on how to generate reports in QuickBooks, feel free to check out this article: Understand reports.
You'll want to save your current customization. Feel free to read this article for the details: Memorize a report.
Keep me posted if you have additional questions about running reports in QuickBooks. I'll be around to help.
