Welcome back to Tip Tuesday! This week we will be talking about the tips and tricks to using cost reports. The cost report is useful because it will show you what employees should be paid for their work or their scheduled time blocks. To navigate to the cost reports, go to the menu on the left side of your screen and select reports. Then select the cost report near the bottom of the menu. You should see a page similar to the one shown below:
The report can be run as is or you can make adjustments to filter out certain data. You can base your hours off of the time blocks in the current schedule, the recurring schedule, the attendance, or any of your templates. This is very useful because instead of paying people based on what they were scheduled for, you can pay them based on what they actually clocked in for.
The report automatically looks at 7 days so all you have to specify is the start day. However, the cost report automatically defaults to the current day.
Lastly, you need to select what pay rate you want to use to calculate the cost of the employees in the selected range, either the employee’s general pay rate or the pay rate specified under their qualifications.
Your report will look similar to the example shown below:
As you can see the cost report takes into account the regular hours worked and the overtime hours worked (the overtime threshold is set in general options). It then calculates the cost based on the overtime multiplier (the overtime multiplier is also set in general options) and provides you with the total cost for each employee and the total cost overall for the report range.
That’s all for this week’s Tip Tuesday post! If you have any questions regarding this topic feel free to email us at firstname.lastname@example.org or call us at 866-846-3123. Make sure to check back next week for more tips and tricks for using WorkSchedule.Net!