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Billy Webb
Billy Webb
  • Bent Mountain, VA
  • United States
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Expensing Owners Time
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I can't seem to get an answer to how to Expense my time on jobs. I keep a monthly calendar and write the hours I spend actually doing a job, say a tile backsplash. I pay myself though a weekly…Continue

Started this discussion. Last reply by Nancy Smyth Aug 23, 2010.

 

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Nancy Smyth replied to Billy Webb's discussion 'Expensing Owners Time'
In your accounting package there should be a place to enter your hours in a weekly timesheet - this should flow into the payroll portion of the software and then not only post your hours to the correct job and cost code, but also post payroll costs…
Aug 23, 2010
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Fred Smith replied to Billy Webb's discussion 'Expensing Owners Time'
This may or may not help you, but here is what I do. When I work I have to do certified payroll so I just pay myself a wage that includes the benefits. This puts the labor hours in the jobcost area and it complies with the certified payroll…
Jul 20, 2010
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Expensing Owners Time

I can't seem to get an answer to how to Expense my time on jobs. I keep a monthly calendar and write the hours I spend actually doing a job, say a tile backsplash. I pay myself though a weekly salary. But this does not give me the actual cost of a job. My accountant says since I pay myself a salary I can't expense my time? Any help?See More
Discussion posted by Billy Webb Jul 18, 2010
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Billy Webb is now a member of Hardhat Connect Jul 18, 2010
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Title
President
Company
Dandy Handymen Remodeling
Primary Business Activity
Residential General Contractor
Education
BME
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8 years experience with prior sales experience
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