Allow me to share some info about making billable time appear in COGS, ES4.
Time records are not financial transactions and have no amount associated with them. Thus, when you pay your employees, their time will appear when it is pasted into a payroll check or a check paying a vendor.
To add a billable time in COGS, we'll have to set your member as an employee. I'll guide you how:
- From the Employees menu, select Employee Center.
- Click the New Employee tab.
- Enter the name necessary details.
- You'll have to ensure that all the withholdings are set to zero.
- Click on OK.
Note: All the items that are billed are set to rate charges to the customer.
To learn more about how QuickBooks handles inventory assets, average cost, and COGS, I encourage you to visit this article: Understand Inventory Assets and Cost of Goods Sold Tracking.
Additionally, I've included an article about tracking job costs. This will help you track the money you spend and make: Job Costing in QuickBooks Desktop.
Stay in touch with us for other QuickBooks related concerns. This way, we'll be able to assist you further.
