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Replying to:
GregMonty
Level 2

Project Expenses and Hourly cost rate with QB Payroll

I have a construction company and we closely monitor employee hours by job to properly estimate project profitability.  We use TSheets for job coding, integrated with QBO Advanced and use QB Payroll.  Once time is approved in TSheets, and QB payroll runs for the payroll cycle, costs are posted to the projects coded to in TSheets.  However, the cost that shows in a project's profitability overview is only wage rage and payroll tax.  I have spent a good amount of time estimating an overhead rate and have included this rate in the Hourly Cost Rate feature within projects.  I would expect the allocated overhead cost to be included in a job's profitability, to accompany wage and payroll tax cost.  Why is this not present? At a minimum this could be?  What is the point of inputting the Hourly Cost Rate if the only way to use this rate in assessing overall project profitability is to back out payroll costs linked by QB and manually calculating the Hours X Hourly cost rate?

 

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