How an hour is priced

Every hour logged is priced by the pay in force on the hour’s day. The How an hour is priced tab on Pay & rates shows the sum for any person:

Hour cost = monthly pay ÷ (working days × hours a day) + gratuity + overhead

Read it for one person

Pick an Example person. The rows show their Monthly pay, the Hours in a month, the Base hour, Gratuity, Overhead and the Hour cost. Change on a row opens what it depends on.

The working month

Set the working days a month and the hours a day (22 and 8 to start). Leave and holidays reduce capacity changes how many hours people can be planned for, not the price of an hour.

Gratuity

Off to start. Switched on, it is worked out from the basic.

Overhead

Choose How overhead is worked out:

• Percentage overhead: Overhead rules add a share to every hour, for the whole firm, a team or one person. The closest rule wins: the person’s, then their team’s, then the firm’s. With no rule, nothing is added.
• Monthly overhead pool: enter what the firm spent beside salaries for a month and save the month. Hours in an open month carry the last closed month’s rate; closing the month prices that month’s hours once, and then they never change.

Overhead can go on plans and actuals, or on plans only.

Changes and currencies

A change prices hours from that day on; hours already logged keep their cost. A pay line in another currency is converted at the rate of the day. Without a rate, that person is left unpriced.