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  1. Calculate estimated Client Costs

    Estimated client cost is the calculated amount used for billing clients (or for charge back) for tasks or projects.

    For each task assignment, the factors used in calculating estimated client costs are:

    Estimated hours: The estimated number of hours required by an employee to finish the task.

    Task Prorating: A multiplier assigned to the task. Used when you charge clients more (or less) for time spent on specific tasks. This is initially set using the value in the task's prorating field.

    Rate charged: The hourly rate charged (billable rate) for the employee assigned to the task.

    Estimated client cost =…

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  2. Calculate estimated Company Costs

    Estimated company cost is the calculated amount used to determine your company's estimated cost to accomplish a task or project.

    For each task assignment, the factors used in calculating estimated company costs are:

    Estimated hours: The estimated number of hours required by an employee to finish the task.

    Rate of wages: The hourly wage rate (pay rate) for the employee assigned to the task.

    Estimated company cost = estimate hours x rate of wages

    More info: http://www.dovico.com/help/dpt3/management_tools/misc_info/client_and_company_costs.htm

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  3. Calculate actual Company Costs

    To figure out Client Costs use the following formula:

    Actual company cost is the calculated amount used to determine your company's cost to accomplish a task or project.

    For each approved time entry, the factors used in calculating company costs are:

    Hours worked: The number of hours worked by an employee on the task.

    Rate of wages: The hourly wage rate (pay rate) for the employee assigned to the task.

    Overtime (OT) wage prorating: An overtime multiplier assigned to the employee's rate of wages value. This multiplier is initially set using the prorating field in the overtime rates view.

    Company…

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