Because owners and partners don't submit bills, the costs of the services
they perform won't be part of the overall costs of the job unless you enter
a transaction to account for the work.
If you want owner or partner time to contribute to the job costs on reports
such as job profitability or job estimates vs. actuals, here's what to
To do this task
Track time for the owner or
partner. Associate the time with the following:
A service item
associated with an equity account to represent the owner's or partner's
The name of the customer (or job, if you are tracking individual jobs for
Do one of the following:
Pay the owner or
partner for the time worked.
Enter a zero-amount check simply to
track the cost of the work.
When creating a job profitability summary or detail report, customize it as
In the Account field, select All equity and income/expenses so
that the report includes the costs in the equity account for owner's
(You don't have to customize a job estimates vs. actuals report because it
automatically includes all accounts.)
Note: The cost doesn't appear as an expense on a profit and loss
statement because it's assigned to an equity account, not an expense