Labor Costing
You can put cost to the labor hours that employees charge.
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Costing can be based on either labor cost or billing rates.
Time & Expense applies a formula to determine how to cost the hours on an employee's timesheet line. The formula and certain amounts used are determined by the pay type on the timesheet line.
An employee or supervisor may be able to use the cell comments dialog box to overwrite the rates used in the calculation.
User-Defined Rates 1 and 2 are used to cost the labor hours that employees charge. User-Defined Rate 1 is well suited for labor cost rates, especially if the rates are driven by projects, unions, locations, labor codes, and so on.
User-Defined Rates 1 and 2 are used to cost the labor hours that employees charge. User-Defined Rate 2 is well suited for billing or "burn" rates, where the rates are driven by projects or labor codes.
Time & Expense offers two user-defined rates costing purposes.