Written By Mikel from Gorelo
Last updated 14 days ago
Your labor rate for Time Entries is calculated by combining two factors:
A base hourly rate determined by your Billing Role (such as Technician, Senior Consultant, etc.)
A rate multiplier based on the Work Type being performed (for example, emergency work might have a higher multiplier than routine support)
Your final labor rate = Base hourly rate (Billing Role) Γ Multiplier (Work Type)
For example, if a Technician (Billing Role: $100/hour) performs emergency work (Work Type multiplier: 1.5Γ), the final labor rate would be $150/hour.
Configure labor rates
Billing Role
Navigate to Settings β> Billing β> Labor Rates
Click β+Billing Roleβ up the top-right or edit an existing one
Enter the details:
Billing Role: The name of the billing role E.g. Technician
Hourly Rate: The βper hourβ rate E.g 100
COA Code: Select the COA (Chart of Accounts) code that will sync to invoices in Xero/QBO E.g 4200 (Labor). If nothing is selected, your default COA from the Xero/QBO integration will be used.
Click Save/Update
Work Type
Navigate to Settings β> Billing β> Labor Rates
Click β+Work Typeβ up the top-right or edit an existing one
Enter the details:
Work Type: The name of the work type E.g. Remote Support
Hourly Multiplier: The multiplier applied to the Billing Role E.g 1
Billable: Select the Billable status E.g Billable
COA Code: Select the COA (Chart of Accounts) code that will sync to invoices in Xero/QBO E.g 4800 (Projects). If nothing is selected, the Billing Role COA will be used.
Click Save/Update