Hey, Stupid Roofer. 

You're not Stupid at all. In fact, you've stumbled on to a ***known bug*** in the system that has an open ticket with Intuit Engineering on which multiple of us are waiting for a fix. So, with all due respect to Sarahann C, the advice given here isn't useful. There's no fixing this issue at the moment.

Sarahann, would recommend you talk with the Engineering Department for more information on if or when this issue will be fixed. While the information you provide here would be useful if the software were calculating Project PLs correctly, it's not useful in this particular scenario. In fact, the issue is with the software, not the setup. I've now spent a sum total of more than 8 hours on support calls with various people at Intuit, none of whom would believe that the software wasn't working correctly and all of whom were, same as you are here, certain it had something to do with the setup. 

Simple answer: the software is broken at the moment.

Now, one could be forgiven for asking how it is that Intuit is selling and promoting software that doesn't perform as advertised. Great question. Making matters worse here, Intuit appears to be in no particular hurry to fix the issue. We've been grappling with it for several months now. Having to manually add back in all of the labor on multiple construction projects underway.

To those of you reading this who haven't yet bought this software: beware. If Project PLs is a feature you're looking for be advised they do not work; they do not calculate correctly. Intuit is aware of this and has an open ticket going that it's not prioritizing or making any progress toward fixing. And likely won't unless and until pressured to do so.

MVG