We currently process our payroll outside of Netsuite, and bring in one lump sum amount as a GL entry. However, we use time entries on the project to record time worked on each project. We’d like to get costs to the projects using standard labor rates — to do that I believe we have to post the timesheet entries. How does that work since we process payroll outside of Netsuite?

Yes we use Timesheets for projects and payroll outside of NetSuite. We have all our Project Resources post timesheets in NetSuite against projects. Every employee record has a labor cost. Then you have to set the proper Project Expense Type on all your project tasks to get the Post Time to work properly. Then when we post time we post to an absorption account (other expense). Then I believe the payroll JE posts to Payroll expense and Checking. Does that help?