Good day, @natalie2.
Yes, you're right. The steps shared by my colleague Mark_R work if you haven't entered an Hourly Cost rate for a project.
If you're using this feature, QuickBooks will calculate employees' labor costs using their timesheets that are tracked to your project. Thus, hourly rates will only calculate costs on new timesheets going forward.
For now, you'll have to manually adjust timesheets in your project once you change the rate.
I can see how this option would be helpful for you and your business. Therefore, let me take note of this as a suggestion to improve your QuickBooks experience.
You can also send feedback to our developers so they can review it. This will help them improve the product and ensure we meet our customer needs.
- Select the Gear icon at the top and click Feedback.
- Enter your comments or product suggestions. Then select Next to submit feedback.
It's important that we always meet our customer's needs. While we continue to make improvements, I want you to be updated with the latest QuickBooks news and product release through our Firm of the Future site. This is where we share recent happenings and future developments, such as updates to newly added features.
In case you need related resources while working with QuickBooks, please feel free to skim through the topics from our help articles.
If you have any other questions or QuickBooks-related questions, don't hesitate and come back to the Community. I'm always here to help you. Have a great day.
