How do I create a monthly report that will show payroll expenses verses Labor revenue?

We can run a Profit and Loss report, policecarman.

Drill-down to the report to see all that payroll expense and labor transactions as well. We can customize the report only selecting the Payroll Expense and Labor Revenue account also filtering it by account. 

Let me show you how:

1. Go to the Reports menu.
2. Select Profit and Loss. 
3. Click the Customize button and choose the Reports period.
4. Select the Filters option. 
5. Choose All Employee and then Payroll Expense and Labor Revenue Account. 
6. Click Run report. 

You can also export the report so you can further edit it. 

Please let me know if there's anything else that you need help with.