and select a date.Use Labor Categories during project transaction entry as a classification of the work that is performed or the roles filled by workers. When you charge labor to projects, generally through the entry of timesheets, the work that is performed is classified with a Labor Category. A default comes from each resource’s master information but you can override the default during entry of timesheets if the resource performs a different function. You can also use the Labor Category to cost labor. Labor categories are a key parameter that you can use to mark-up labor for billing and they also provide a way to categorize or separate work on the invoice for clients. A typical example is to have different billing rates for labor transactions for various levels of technical (for example, Lab Tech and Sr. Lab Tech) or professional employees (for example, Engineer I, II, and III). The standard cost rate of the labor category is used for costing Timesheet transactions if the Labor Costing Method is set to “Labor Category” in Project Policies.
Creating Labor Categories
Go to Projects | Setup | Labor Categories.
Click New to create a new labor category.
Type a description for the labor category in Description.
By default, Active is checked. Change the value to Inactive by clearing the check box to make the Labor Category unavailable in the System.
Specify a date for the labor category in Effective Date. Or, click Calendar and select a date.
Type the standard cost associated with the labor category in Std. Cost Rate.
Select the pay category (aka rate multiplier) from Pay Category.
Click Save and New, or click Save and then click New, to save the current category and start adding the next.
A: Yes. The rate used is based on the effective date so that you can set up labor categories beforehand.