How do I track my Labor Costs against my Estimated Labor Costs?
To track Labor Costs against Estimated Labor Costs, go to the Menu and select Reports and select Job Costed Reports and then select Budget vs Actual Labor Report.
In the pop up, you can choose the items that are needed and then Generate Report. Burden rate is the closest to the Cost Rate so that is recommended.
Related Articles
How is Labor Calculated
Contractor Foreman makes it easy to add your estimated labor amounts as well as track labor and calculate your costs. Estimated When creating an estimate, add a Labor item to your Estimate (or Schedule of Values) and associate the appropriate cost ...
How do I track costs against a Change Order in addition to the Original Contract or Estimate?
To track costs against a Change order, add the line items and line item types to the Change Order, marking them Material, Equipment, Labor, Subcontract or Other. When the CO is Approved it will add the items to the overall budget of the project and ...
How are the Committed or Actual Labor costs generated on the Financial Tab for the Project?
Committed cost is generated by Approving items such as Subcontracts, or Purchase Orders, adding Misc Expenses and Time. Actual cost is calculated when an Invoice comes in from say the Vendor or Subcontractor and it is paid using the "Bill" feature. ...
How do I show Labor Costs in the Project Financial tab if Cost Codes are not being used in Timecards?
Time will still be tracked in the Project Financials as it is just considered Labor. If you are not using Cost codes you will not get the detailed job costing which is found in the reports.
How do I generate a report to see the Estimated and Actual cost?
To generate a report to see the Estimated and Actual Cost, go to Menu and select Reports. Here, you can choose Select Budget VS Actual under Job costing Reports.