Labor Burden Allocated On Job Cost Reports (P&L for individual jobs)
Our company is using Quickbooks Pro 2014 and would like to have our labor burden included in job cost reports (i.e. shown on a P&L by job report) for individual jobs. We use Quickbooks payroll and have the ability to create paychecks from time sheets. I've seen similar posts that suggest doing this through payroll via the creation of a Labor Burden Allocation Account and corresponding Labor Burden Payroll Item (on the employee's time sheets / paycheck who worked on that particular job), but want to be sure there are no other steps needed after the fact and that this truly does not affect the company's bottom line, but will only show the percentage of labor burden for our company on a P&L by job report.
Any help you can offer would be greatly appreciated.