Liabilities

Each liability is assigned to a category, which is set up in the HQ Liability Types form.

For each category of liabilities, you can set up the phase, cost type, and method of calculation rate in the JC Liabilities Template form.

  • Phase—Instead of the phase to which the earnings are going, you can designate a specific phase for this category of liabilities to go to in all cases.

  • Cost type—Instead of the cost type to which the earnings are going, you can designate a specific cost type for this category of liabilities to go to in all cases.

  • Method—Enter an E (exact) if you want the liability amounts calculated by Payroll. You can also use a specified percentage of earnings. If you choose to use a percentage, then enter R (rate) and enter a Liability Rate in the next column. The rate used can be different for different jobs by using different templates.

This feature can also be used for additional markup that is not tied to any payroll liabilities. For example, if liability codes are not assigned to type 6, but type 6 is set up as a percentage method with a rate of 5%, this will cause an additional 5% of direct payroll to be added to Job Cost.