Are you losing on the game because you have multiple projects?

If you are also feeling the same then you can use the Project feature in the latest version of Quickbooks. Quickbooks support introduces this feature in order to track your all projects at one place and to make effective moves in the future to expand your business.

As your business grows you will be needed to cover more areas like managing the incomes and expenses of your business, multiple projects simultaneously, tracking the working scenario of your employees, and you have to do all this simultaneously. To make it more effective Projects are introduced, where you can manage all the information about the projects including its expenses, payroll, etc. Quickbooks payroll support provides complete modules in order to use the projects so that you can make more out of it.

Projects are basically introduced to track your expenses on your project so that you can determine which are is making more profit to you and how you can make it more effective to increase the profit. You can contact Intuit support if you are trying to create a project facing any kind of errors. They have well-trained professionals who can provide you the solution.

Labor's Cost can be determined using these projects so you can minimize this cost in order to make a profit. You can visit the Quickbooks Payroll support if you want to know about the labor cost and how it can be minimized?

Follow the below steps in order to Calculate the Labour cost:

1. Firstly you need to create a project to determine the cost.

2. Once it is created select the "project" and click on "hourly cost rate", a dialog box will open.

3. Now click on "Add Employee" and select "+Add".

4. Now open the "Cost Calculator".

5.    Now enter the details of employees like "hourly wages" and "employer taxes" in the calculator for calculation.

After this, you need to add the project timesheets of your employees that how much time the server for a project. You can contact Quickbook tech support in order to get accurate information about the projects.

Add Timesheets

1. Open the weekly timesheet by clicking on the create button.

2. Enter the worker and week from the menus, for which you are entering the information.

3    Now select the project with which you need to attach the timesheet.

After filling these now you can calculate the total profit you can make.you can get assistance from Quickbook Support Number if you have any issue while performing this.

you can also manage your bills with the help of Quickbooks. You can make payments, issue bills, set reminders, etc. in order to regulate the flow of cash. you can have a look at Manage bills using Quickbooks Support.

Time Cost Report

1. Open your projects and go to the Project reports.

2. Now click on Time Cost by Employee or Vendor and run it.

3. Review the report and determine your time costs.

4. Now go to the overview tab.

5. To get the exact profit you need to subtract the "time costs" from Time Cost report from the income total.

The result will be your profit. This tab will calculate the data on the basis of timesheets which you have filled above.so you can use this to calculate the exact labor cost in order to reduce this cost and make a profit. while creating this if you are facing any issue you can contact Quickbook Support Phone Number for help. They have well-trained professionals who can provide you the best solution.

Hope this article is helpful for you.