Hi, we have just started using third party payroll company, Gusto. They give us an IIF file for the payroll journal entries to import into Quickbooks. And they give us their employee payroll reports in their portal. But I can no longer see the employee reports in QB. I can no longer see direct labor in Cost of Goods on my P&L. Other than running a separate report to show general hours vs project hours and then exporting the P&L to excel and manually adjusting the report, there is no way to allocate the cost for those hours into the P&L.
Is there a way to enter payroll journal entries that will connect the transactions to the employee payroll report?
Is there a way to link the hours to the payroll via journal entries?
We only have 3 employees. The idea was to offset the payroll liability from me to the payroll company, but the added work to see our multiplier and cost per employee, which we do regularly, seems excessive unless I can use journal entry(ies). Or even a regular entry. I don't care which, but I would prefer to have my data in one place. Any help would be great. Thanks!
Also, we paid two employees for expenses, which are project identified. There is no way to allocate the cash to the bill. Is that another journal entry? Maybe this is not the best way to pay the expenses.
Is there a way to enter payroll journal entries that will connect the transactions to the employee payroll report?
Is there a way to link the hours to the payroll via journal entries?
We only have 3 employees. The idea was to offset the payroll liability from me to the payroll company, but the added work to see our multiplier and cost per employee, which we do regularly, seems excessive unless I can use journal entry(ies). Or even a regular entry. I don't care which, but I would prefer to have my data in one place. Any help would be great. Thanks!
Also, we paid two employees for expenses, which are project identified. There is no way to allocate the cash to the bill. Is that another journal entry? Maybe this is not the best way to pay the expenses.