Introduction to Pay Rates
Pay Rates are the amounts you pay your contractors for the work they perform and are used when generating payroll. They are set up on the Pay Rates tab of a user's profile. When you first create a user, the pay rates used will be the default values entered on the Company Info page.
User Daily Pay Rate
This is the amount that this contractor will be paid by you for all the work he does for any client in any prospect - unless you override it by entering a Client Daily Pay Rate or a Prospect Daily Pay Rate.
Client Daily Pay Rate
If you would like to pay a contractor a different amount for work he does for a specific client, you can set it up here. Click on the "Add Client Rate" link and select the Client, enter the New Rate, and choose the Effective Date. This Pay Rate will override the User Daily Pay Rate.
Prospect Daily Pay Rate
If you would like to pay a contractor a different amount for work he does in a specific prospect, you can set it up here. Click on the "Add Prospect Rate" link and select the Client, Prospect, enter the New Rate, and the Effective Date. The Prospect Daily Pay Rate will override the Client Daily Pay Rate.
Similar to Pay Rates, Bill Rates are the amounts used to invoice your clients for your contractors' work. Like Pay Rates, Bill Rates can be customized by contractor, client, and prospect.
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