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A client is using a third-party payroll that does not integrate with QuickBooks Online, and creates a weekly entry to record payroll. Every month they
A client is using a third-party payroll that does not integrate with QuickBooks Online, and creates a weekly entry to record payroll. Every month they need to allocate the wage expenses to multiple jobs, some of which need to be billed to customers.
What is the most efficient way to do this with QuickBooks Online?
- Manually work out the time for each staff member, apply to customer in Excel, and create an invoice in QuickBooks Online
- Create an expense transaction and enter the amount of allocated wages, posting to the wage account, on each line entering the customer and marking as billable if appropriate; on the next blank line enter the total amount as negative posting to the wage account
- Create a vendor bill with multiple line items to the wage expense account, assigning a customer and marking billable
- Create a journal entry crediting the wage expense account for the whole amount, debit the wage expense account with multiple line items allocating to each customer, and mark as billable.
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Option B Create an expense transaction and enter the amount of allocated wages posting to t...Get Instant Access to Expert-Tailored Solutions
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