Cost/Pay Labor Code Tables

Use the Cost/Pay Labor Code Tables form to set up rates to override cost and/or pay rates for the labor code that is associated with the hours on an employee’s timesheet.

You can assign cost/pay labor code rate tables to a project in the Projects hub when the project will define the cost/pay rate for labor codes for the employees who work on the project. You can also use these tables to define cost and pay rates for labor codes for an employee. Using cost/pay labor code tables allows you to have multiple cost/pay rates for the same employee on the same job, based on the labor code associated with timesheet hours.

Create a cost/pay labor code table that can override cost rates, pay rates or both. Add labor codes to it and their override rates and effective dates. Each labor code in a table can have one row that does not specify an effective date; you can use this row to indicate a default rate to use if no other row has an applicable effective date. Assign the labor code table to a project, employee, or both.

To determine cost amounts, timesheet postings first look to the cost labor code table assigned to the project, then to the cost labor code table assigned to the employee, and finally to the rate for the labor code that is entered on a timesheet. Vantagepoint uses the first pay rate it finds.

To determine an employee’s pay, payroll processing first looks to the pay rate table for the project, then the pay rate table for the employee, and finally the employee pay rate to determine the pay. Vantagepoint uses the first pay rate it finds.

To use this form, you must have access to the effective dates feature in Accounting (cost), Payroll (pay), or both.