Billable labor rate


K

Keith

We're new to Office Accounting so maybe we overlooked something simple.
When one enters data on a time sheet like hours worked, where does the labor
rate for this come from and where do you set this? Employee A may bill
consulting time at $25/hr and Employee B might bill at $40. Where is this
configured?
 
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S

Sandman

Keith said:
We're new to Office Accounting so maybe we overlooked something simple.
When one enters data on a time sheet like hours worked, where does the labor
rate for this come from and where do you set this? Employee A may bill
consulting time at $25/hr and Employee B might bill at $40. Where is this
configured?

I set them up as Inventory items with zero cost
 
D

Dakota

I have them set up as "items". This way I have more options in tracking not
just the employee, but what they are working on.
 
L

Lance [MSFT]

When you enter the timesheet data, you pick the service item that matches
the type of work performed. When you bill the costs, the item is added to an
invoice and the unit price for that item will be used to set the cost. If
necessary you can change the cost on the invoice before saving it.

If you have multiple rates, you can create a service item for each of the
rates and pick the item with the appropriate rate when filling out the
timesheets.

This posting is provided "AS IS" with no warranties, and confers no rights.
 
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B

bobwolff

Keith,

Unfortunately, MOA is an accounting package, and its "time capture"
mechanisms are rudimentary. Lots of hoops to jump thru like settign a bunch
of items with different rates. Employee A may charge their time out at $40
normally, but for some jobs or some tasks (items) the charge may be $75 or
$25. What if they choose the wrong item code and charge $25 when it should
have $75? Do you want to spend hours every month checking bill rates? (I used
to do this in an accounting firm - for 2 days a month!)

You should check out BillQuick Time & Billing. They let you set up default
bill rates for employees that applies to all items charged to a job, PLUS you
can set up special rates that apply to a task, job or special situation.
BillQuick then handles applying the correct rate automatically. MAJOR time
savings. They have other features than can reduce the risk of someone
charging the wrong item to a job and charging the wrong job. If you want, you
can allocated time to a task and the employees is kept informed of how much
they used up everytime they record their hours. No more micro-management and
writeoffs.

Check them out. BillQuick may be something that makes life a lot easier. One
thing: don't download the trial software immediately. Attend their hour-long
walk-thru (4 per week). See http://www.bqe.com/walkthru.aspx. If it look good
after the live, online session, then download the trial and check it out some
more.


Bob
 

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