Burden Reporting for estimating purposes

SOLVED

I am looking for a good report for all burden (taxes, fringes etc.) that can be used for estimating labor costs.  Does anyone already have a good report designed? 

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  • 0
    verified answer

    In the Payroll application is a good reconciliation report called Labor Costs by Account and Job.  This report will show the pay per cost code, a column for Fringes, Taxes and the total of the two called Labor Burden.

    You may want to take a look at this report for an idea of what your Labor Costs are.

    I hope this helps!

  • 0 in reply to Gaylene Willis

    Thanks - I'll take a look.I'd really like a report that was generate to the calculations themselves rather than real-time data.  In other words, pull the Worker's Comp table rates, State Unemployment rate, Federal rates for SS and Medicare. Has anyone already designed such a report?

  • 0 in reply to ColleenC

    Reports to calculate these amounts for estimating purposes would be custom for each business, as fringes and applicable taxes will vary.  Additionally some taxes are calulated based on a table that includes credits based on number of personal exemptions, while others are calculated based on a flat percentage. The same is true with fringes where formulas can be used to caluclate the amounts that would need to be built in to the estimate report based on the fringes applicable to your business.

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  • 0 in reply to ColleenC

    Reports to calculate these amounts for estimating purposes would be custom for each business, as fringes and applicable taxes will vary.  Additionally some taxes are calulated based on a table that includes credits based on number of personal exemptions, while others are calculated based on a flat percentage. The same is true with fringes where formulas can be used to caluclate the amounts that would need to be built in to the estimate report based on the fringes applicable to your business.

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