Thanks for coming back, AlanS0112.
Yes, you are right. The time tracking is for financial accounting only while entering employee's hours on timesheets is for payroll side.
The time tracker will only track your employee's hours consumed in a project. Then, the time detail will automatically appear when creating customer invoices.
That's the reason why the hours are not reflecting when you approved time on the Employees page.
To affect the Profit and Loss statement, you'll need to create an invoice and add the billable time you entered in the Single Time Activity or Weekly.
Please visit the Community if you need anything else with payroll. I'm here to help.
