Labor Rates

Written By Mikel from Gorelo

Last updated 14 days ago

Your labor rate for Time Entries is calculated by combining two factors:

  1. A base hourly rate determined by your Billing Role (such as Technician, Senior Consultant, etc.)

  2. 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

  1. Navigate to Settings β€”> Billing β€”> Labor Rates

  2. Click β€˜+Billing Role’ up the top-right or edit an existing one

  3. Enter the details:

    • Billing Role: The name of the billing role E.g. Technician

    • Hourly Rate: The β€˜per hour’ 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.

  4. Click Save/Update

Work Type

  1. Navigate to Settings β€”> Billing β€”> Labor Rates

  2. Click β€˜+Work Type’ up the top-right or edit an existing one

  3. 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.

  4. Click Save/Update