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Cost rate
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The rate that reflects the actual cost without overhead or profit.
- For labor, it is the per hour rate paid to an employee.
- For salaried employees, it is the salary divided by the number of standard hours in the pay period.
- For hourly employees, it is the regular pay rate.
- For expenses, it is the rate per unit for expenses, such as mileage, copies, and so on.
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For labor, you determine the cost rate in Setup > Employees.
For unit-based expenses, you specify the cost rate in Setup > Activities.
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Cost amount
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The amount that reflects the actual amount without overhead or profit.
- For labor transactions, this is the amount paid to employees for work performed.
- For expense and consultant transactions, this is the out-of-pocket costs to your firm.
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For labor, you enter time in Manage > Time & Expense > My Timesheets. Ajera multiplies the time worked by the cost rate to calculate the cost amount.
For unit-based expense and consultant transactions, you enter the number of units in the following:
- For expense reports, enter units in Manage > Time & Expense > My Expenses.
- For vendor invoices, enter units in Manage > Vendor Invoices.
- For in-house expenses, enter units in Manage > In-house Expenses.
Ajera multiplies the number of units by the cost rate to calculate the cost amount.
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