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13.4 Enter the Billing Rates for each Piece of Equipment

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13.4.1 The Billing Rates tab allows you to specify what types of work this piece of Equipment can perform and what the cost and charge rates for each work type will be.

 

Cost – The value of the resources allocated to a particular project, direct or indirect costs

Charge – the actual billing cost you send to the customer.

 

13.4.2 Select the Work Types the Equipment is used for and then enter Cost and Charge rates, and an appropriate unit (usually hours).

 

Enter specific work types by selecting those work types (line by line) and assign billing rates. This is the preferred option as it prevents users from entering timesheets for work types a piece of Equipment

doesn't perform

 

The units of measure for a particular work type are in number of hours. However, a few other items are built-in such as Days, Klms (Kilometers which could also mean the mileage/distance), Each (Cost per item) etc.

 

13.4.3 For all Disbursement Work Types, assign $1.00.

 

13.4.4 If the "Group Work Types by CBCode (disables Timer)" option is selected in the Setup Latitude, you can enter CBCode's to group Work Types by CBCode when entering Timesheets. You can use this option to limit the Work Types or vary charges, depending on the CB.