Hi @GregMonty,
The Project Profitability report contains only the itemized view of your project accounts and transactions. Since overhead is made up of many different costs, QuickBooks uses the Time Cost Report to view the hourly time costs separated from other project costs.
Currently, QuickBooks tracks your project labor costs in a two-part process.
- First, calculate the hourly cost rate for each employee.
- Then, add project timesheets using your hourly cost rates.
Rest assured, I'll be sending a product request to our engineers so they can consider this option to be added in the future update.
Please refer to this handy article for details about tracking income, costs, and profitability by project. I'm also adding our blog for your reference. Here's the link: How To Calculate And Track Overhead Costs.
Know that I'm always here if you need help with anything else. Thank you for posting in the Community and more power to your business.
