SM Pay Types Form
Use the SM Pay Types form to set up the pay types that represent the different labor costs for service work.
Pay types allow you to define anticipated labor costs for service work at different pay levels; for example, regular time, overtime, and double time. When creating work orders, pay types are used to derive labor cost estimates so that you can bill for service work before payroll is cut. The actual payroll costs are updated to the work order once you process your payroll.
For each pay type you set up, you must specify the cost method, factor, and the earnings code that will default when entering timesheets or timecards for technicians (in PR My Timesheet or PR Timecard Entry).
The cost method defined for a pay type determines how the system derives the cost rate when adding labor entries for work completed on a work order. You can assign one of two cost methods to a pay type:
Multiplier - With this method, you assign a factor (multiplier) to use in rate calculations. When a labor work completed line is added to a work order, the system calculates the estimated labor costs based on the technician's pay rate (defined in SM Technicians), the factor specified for the pay type, and the cost hours.
Tech's Pay Rate: 35.00
Cost Hours: 6.50
Cost Rate: 52.50 (Tech's Pay Rate x Factor)
Cost Total: 341.25 (Cost Rate x Cost Hours)
Dollar Rate - With this method, you assign a flat rate to use in rate calculations. This rate overrides the pay rate defined for the technician (in SM Technicians). When adding labor work completed lines to a work order, the system calculates the estimated labor costs based on the pay type rate and the cost hours.
Pay Type Rate: 42.50
Tech's Pay Rate: 35.00 (not used)
Cost Hours: 6.50
Cost Rate: 42.50 (Pay Type Rate)
Cost Total: 276.25 (Cost Rate x Cost Hours)
Click the following link for information about setting up pay types.