Thanks for sharing your concern with us, @JasperContracting. I'll share some details about tracking hourly rates for projects in QuickBooks Online (QBO).

You're right that we can track hourly cost rates for employees in QBO. Accordingly, the option to track hourly costs for subcontractors is only available by going to the vendor's profile section.

You'll want to enter the cost rate in the vendor setup in QBO to show it to your project. Here's how you can simply update your vendor's profile:

1. Click Expenses on the left pane.
2. Choose the Vendors tab.
3. Click on the vendor's name you want to edit.
4. Click Edit in the upper-right corner.
5. The Vendor Information window will pop-up. Scroll down until the Additional info section.
6. Enter the cost rate, then select Save.

In addition to this, I'm adding this article that you can also seek self-help video tutorials on our video tutorials for QBO. This contains details on how to efficiently manage your QBO account.

Keep me posted if you still have questions or concerns with managing your projects in QBO. I'll be here to lend a helping hand. Have a great day ahead!