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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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KlentB
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You've come to the right place for assistance, brokenlake. I'll be glad to share tips on how to achieve that in the program.

 

With QuickBooks Online, you can set up the owner as a contractor to track the number of hours consumed in a project. You'll have to uncheck the Billable option if you don't want to bill the time to the customer. 

 

  1. Go to the Payroll menu and choose Contractors.
  2. Click Add a contractor, then enter the owner's info.
  3. When you're done, click the + New icon.
  4. Select Single time activity or Weekly timesheet.
  5. Set the appropriate date, vendor, and rate.
  6. Fill in the other necessary fields, then untick the Billable (/hr) checkbox.
  7. Hit Save and close.

 

singletimeactivity.PNG

 

Please take note that entries will only be displayed on the Time Activity tab and Time cost by employee or vendor report so you can see or monitor the hourly cost. They won't directly reflect on the probability reports since you they weren't charged to a client. 

 

Timeactivitytab.PNGtimereport.PNG

 

If you really want them to reflect on the P&L to see how much money you spent and made, you may need to use a third-party time tracking and scheduling app. Feel free to visit our market or head to the Apps menu within your account to search for one. I'll show you how:

 

  1. Select Apps from the sidebar menu.
  2. Click the Find Apps tab.
  3. Enter a keyword in the search bar or select Browse category to filter the results.

 

KlentB_0-1675762778543.png

 

For more tips and resources in managing your timesheets in QBO, check out the articles below:

 

 

You can always visit us back here if you need a hand in organizing your expenses and other business transactions. Help is just a post way!

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