Labor Rates
Configure billing and cost rates for your team members.
Overview
Labor Rates allow you to define hourly rates for different team members or roles. These rates are used when calculating labor costs in estimates and tracking actual labor expenses on projects.
Accessing This Setting
- Go to Settings > My Company > Labor Rates
Configuration Options
Rate Types
- Cost Rate - What you pay (internal cost)
- Billing Rate - What you charge clients
Rate Assignment
- Assign rates by individual user
- Assign rates by role or department
- Set default rates for new team members
Rate History
- Track rate changes over time
- Effective dates for rate changes
Using Labor Rates
Labor rates are applied when:
- Creating estimates with labor components
- Tracking time on projects
- Generating job cost reports
- Calculating project profitability