Example of Billing Overtime Using the Employee's Overtime Percent and the Rate Times Multiplier Method

You can have Vision calculate overtime using the Employee Overtime Percentage method with the Rate Times Multiplier method.

Specify the Overtime Method and Labor Method on the Labor tab of the Billing Terms form.

The employee’s regular and overtime cost rates are based on the Job Cost Rate (as defined in the Employee Info Center) and a markup of this amount as specified in the first multiplier field on the Labor tab of the Billing Terms form for this project. Any additional multipliers are applied to the labor total.

The following factors contribute to the calculation of overtime billings:

Factor	Value
Employee’s cost rate in Employee Info Center	$40.33
Overtime Percentage in Employee Info Center	150%
Multiplier 1	1.3
Multiplier 2	1.7
Regular Hours (Timesheet Posting)	15

The calculation is as follows:

Description	Calculation
Regular Cost Rate	Cost Rate * Multiplier 1 = $40.33 * 1.3 = $52.43
Overtime Cost Rate	Regular Cost Rate * Overtime Multiplier from Billing Terms = $52.43 * 150% = $78.65
Extended Regular and Overtime Charges	(Reg Cost Rate * Reg Hours) + (Ovt Cost Rate * Ovt Hours) = ($52.43 * 15) + ($78.65 * 3) = $786.45 + 235.95 = $1,022.40
Total Billing Amount for Employee	Extended Regular and Overtime Charges * Multiplier 2 = $1,022.40 * 1.7 = $1,738.08