This report breaks down job costs by employee and by hourly rate.
Above you can see an interesting report that was added to the latest version of our Job Tracking Time Clock. The Job Cost Report breaks down the total wages cost for a single job or all jobs across a date range. If you’re running the report for all jobs then time spent working on NO job is also included in the report. The salary costs are split by each employee who has worked on the job during the report date range, and furthermore, their hours are categorized by hour type. This means you can see how many normal rate hours, overtime rate 1 hours, and overtime rate 2 hours have been spent by each employee on a job.
Remember that Time Clock MTS allows you to calculate overtime hours in many different ways and with two rates. You could, for example, have a two tiered daily overtime system where any hours worked between 8 and 12 on a given day are paid at overtime rate 1. Any hours worked over 12 will be paid at overtime rate 2. Overtime rates 1 and 2 can also be paid if you setup Time Clock MTS to pay overtime using the seventh day overtime rule. This rule pays overtime to an employee if they have worked the first 6 days of a working week and then work on the seventh day. The first (usually) 8 hours worked on the seventh day are paid at OT rate 1, while any hours after that are paid at OT rate 2.
Regardless of what overtime scheme you’re using the Job Costing Report will report the hours worked by each employee against a job and break this down by pay rate.
