Hi RCV- Thank you for the reply. I have a follow-up question.  I created a project in QuickBooks Desktop. I also created an Item for the service performed. However, when you create an item, you have to assign an account to it. This is not what I am referring to because I want to capture the cost of time incurred whether or not the cost has been posted to an account.

In QuickBooks Online, you can create cost rates for employees and track their costs without posting the cost to an account.

Is there a function in QuickBooks Desktop that allows you to track the cost (hourly cost rates) of work performed on a project without having to post to an expense account?