Create and maintain the standard rates charged for various types of labor.
Create a "tech" labor rate for your technicians, assembly rates for your assemblers (assembly1, assembly2), engineers, etc.
The standard billable rate for this type of labor, unless overridden by the Labor Rate (exception) table specified in the Rate Schedule in the Job record. Standard labor rates must be created before you can create Labor Rate Tables for a specific year or other time period for your various classes of customers.
Referenced in Records: Technician, Labor Rate Table, Employee, Quote, and Work Order.
Referenced in Journals: Labor, Job.
Labor Rate Id: (15 character, only . and - special characters)
A unique Id for this Labor Rate. This field is required.
Labor Rate Description: (40 characters)
A brief description. This field is optional.
Security Id:
If multiple location security is implemented on your centralized database system, this informational field displays the Security Id of the local user that created this record. If multiple location security is not implemented on your system, or if this record was created by a global user, this field will be blank.
Unit of Measure:
Specifies the unit in which Labor is measured (e.g., hours).
Standard Regular Rate:
The current, standard billable rate for this labor (e.g., $80/hour for techs, $55/hour for assemblers, etc.).
Billing Rate Type Id:
In most cases, Unit Price will be selected for Labor entries. The system will use the Rate specified in the appropriate Labor Rate Table to default the Revenue Rate in this tab.
If Markup (added to cost) is selected, a 120% markup to labor costing $10/hour would generate a unit price of $22/hour. A 30% markup applied to $20 labor would generate a unit price of $26.
Margin enables the user to set the desired profit margin ((Unit Price - Unit Cost)/Unit Price)in the Revenue Rate field.
If you select Multiplier, the system will multiply the figure in Revenue Rate X Unit Cost to obtain the Unit Price. For example, a multiplier of 1.2 applied to labor costing $100 would yield a unit price of $120.
Select the Billing Type of n/a if the Amount Revenue should always be entered manually by the user instead of being calculated by the system.
Note on Entering Labor Lines with a Billing Rate Type of n/a:
If the billing type is n/a, the system will not calculate the Amount Revenue when entering labor lines, even if the Revenue Rate is completed! Typically, you would leave the Revenue Rate field blank, and enter the Amount Revenue field directly when billing for labor. Note that if you edit a labor line, selecting a labor rate with a Billing Type of n/a, the Amount Revenue on the labor line will NOT be changed.
Quote Cost
This field is used to default in the Hourly Cost field on the Labor tab of the Quote Master Viewer.
Cost Category Id:
When entering time, the Cost Category defaults from this field to capture Earnings type WAGES. This will become a requirement in the future to be set-up for Tech Anywhere (as user can not pick/select the cost category in tech anywhere).
This field is also used to default in the Cost Category field on the Labor tab of the Quote Master Viewer.
Note: Cost Category in the Earnings Record
The Cost Category field should be completed in the Earnings record if the Earning Record is used for Type = "FRINGE" and is also checked "JOB COST PR CHECK". It is used by the system to post actual fringes vs. estimated (source PR Check) during the POST CHECK function.
Obsolete?
If this field is checked, the record is considered Obsolete, and it may not be directly specified during data-entry (either by entering the Id or selecting it from a list). Obsoleted records can be edited and the Obsolete option can be un-done when necessary. When you check the Obsolete field, the following message box will be displayed:
“You have elected to obsolete this record. Would you like to see existing references to this record?”
If you click Yes, the system will display a viewer that provides click-through access to all tables referencing this record: see References List for details.