Premier Contractor 2006 question

Your husband does not get a check but he is on the payroll? How is that possible?

My question is, when we do a job and say we give the

He could be on commission, yet never sell anything.

I recall several union bosses adding infants to the union rolls so they would sooner qualify for retirement benefits.

He may be investing "sweat equity" and simply accruing hours in the hope of eventual payement while currently being covered by insurance, etc.

There is no requirement that you actually "pay" an employee.

How would I record his time to accomplish what I am trying to accomplish?? Thanks, Elaine

Well the pay in payroll means the employee gets paid.

Well, no, not exactly. I can pick "Pay employees" then provide either zero hours or some hours at a zero rate. I haven't actually done this, so I can't say whether QB will generate a check for zero dollars...

You can also choose to not select the employee.

I'm not sure how you do this, but in order for his labor to show up on a P&L (or any financial report) it has to be "monetized" in some fashion, i.e., it has to be given a $ value. If you don't actually pay him, then it would be some kind of commission owed, or possibly a loan payable from an officer. Some of the CPA's here could better advise on how to best handle this from a tax standpoint.

At the very least doesn't your husband take draws, or shareholder distributions in order to have money to live on? Another question is what is your purpose for getting this to show up on a P&L?

HTH.

Stephen Porter

The purpose is we just like to see where we stand on the job. I know I could track his hours and see the profit and figure that way but would like to see the other way. Thanks for input. Elaine