How is overtime is calculated?
Overtime is calculated either weekly or daily based on defined values. After enabling it in Settings, it is calculated at 1.5x after a certain set of hours that is defined by the administrator.
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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 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 estimate my current Gross Profit from the Financial tab in the Project?
The Estimated Gross Profit is already calculated as long as the approved Invoices, Estimates and Change Orders etc are all moved into Schedule of Values. To see this data, go to the Menu and select Projects. Click on the Financial tab and the Est. ...
What is the Running Time Card Notification used for?
The Time Card running notification is usually used to notify users when the Time Card is running for more than a specific amount of time. This could be designated in the Settings. Once set, if the limit is 8 hours, once the time passes by, the user ...
My labor amounts are wrong based on hours worked.
Are the labor amounts you are seeing with the Project > Financial details less then you expect? If so, it could be due to the reason mentioned below. Example: An employee worked 38 hours at $35/hr. It should show as $1330 within Project > Financial ...