How do we manage timesheet rates when we need one value for payroll, one value for billing and yet a third value for project costing?
This is a great question and a challenge easily managed in TimeControl. TimeControl's rate system is incredibly flexible. First of all, you can have an unlimited number of rates defined per employee, per resource and/or for the whole organization.
So, an individual might see different possible rates for overtime, billable time per client etc. Next, for each rate there are by default 9 values. This combination gives limitless possibilities. Imagine that you had a regular rate and overtime rate for a staff person but you also charge different rates when you invoice.
You can have two rate codes per client with each rate code pair having one internal value for the code and one billable value.
There are so many possible rate options that we've created a special area to talk about rates on the website which includes a comprehensive white paper.
You can find this area at www.timecontrol.com/features/rates.