Cost and Income Rate Properties dialog
You use the Cost and Income Rate Properties dialog to view and maintain details of the cost and income rates that define the cost and income of permanent resources. A cost and income rate includes:
- A cost per time unit, for example £50 per hour.
- A type of time, specifying whether the rate applies to normal working time, overtime or public holidays.
- A cost centre. For example, an Engineer cost rate might be charged from an Engineering cost centre and a Consultancy Fee income rate might provide income to a Customer Services cost centre.
Sometimes a resource has a fixed cost that is incurred each time they are assigned to a task. You define these by creating cost and income rates with an amount specified per First Use.
How to access the Cost and Income Rate Properties dialog
To access the Cost and Income Rate Properties dialog, right-click a cost and income rate in Library Explorer and select Properties.
Explanation of the fields on the dialog
| Field | Description |
|---|---|
| Name | Enter the name of the rate, for example Overtime Rate or Income Rate. |
| Amount |
Enter the amount per time unit of the rate, for example £50 per hour or £100 per day. If the rate is fixed and is not related to a time unit, enter an amount per First Use.
If you want to represent a negative cost or income, you can enter a negative value in this field.
|
| Rate type | Specify whether the rate refers to income or cost. |
| Income as % of cost | If you are defining a cost rate that has a markup percentage, enter the percentage by which the cost is multiplied to calculate the income in. For example, if you pay an employee £20 per hour but charge your client £40 per hour for the employee's services, enter 200.00, as the income is double (200%) the cost. This field applies to cost rates only. |
| Cost centre | Select the cost centre from which a cost rate is expended or to which an income rate provides income. |
| Calendar exception category | If the rate applies to a specific working or non-working period, for example Overtime or Holiday, select the exception that corresponds to that period. |
| Fixed cost/income position | For fixed rates (ones that are assigned per First Use), specify whether the time at which the cost or income is incurred is related to the start or finish of the task to which it applies. For example, you could specify that a cost is incurred 2 days after the start of a task, or 1 week after the finish of it. |
| Fixed cost/income offset | For fixed rates (ones that are assigned per First Use), specify whether there is a delay before the cost or income occurs after the start or the finish of a task. For example, you could specify that a cost is incurred 2 days after the start of a task, or 1 week after the finish of it. |
How do I...
... maintain details of the selected cost and income rate?
- Enter the name of the rate, for example Overtime Rate or Income Rate, in the Name field.
- Enter the amount per time unit of the rate, for example £50 per hour or £100 per day, in the Amount fields. If the rate is fixed and is not related to a time unit, enter an amount per First Use.
- Specify whether the rate refers to income or cost in the Rate type field.
- If you are defining a cost rate that has a markup percentage, enter the percentage by which the cost is multiplied to calculate the income in the Income as % of cost field. For example, if you pay an employee £20 per hour, but charge your client £40 per hour for the employee's services, enter 200.00, as the income is double (200%) the cost.
- Select the cost centre to which the rate is related in the Cost centre field.
- If the rate applies to a specific working or non-working period, for example Overtime or Holiday, select the exception in the Calendar exception category field.
- For fixed rates (ones that are assigned per First Use), specify whether the time at which the cost or income is incurred is related to the start or end of the task to which it applies and whether there is a delay in the Cost/Income group. For example, you could specify that a cost is incurred 2 days after the start of a task, or 1 week after the end of it.