Summary

The Positions Costing tab records and displays the financial costing information relevant to a specific Position. For example, sales positions may need to be associated with the sales cost centre or there may be a special large contract or order to cost to a certain job.

Fields

Cost Centre:

Links a position with a broad costing group. For example, Auckland Administration or Melbourne Consultancy. The costs from the cost centre are then transferred to the general ledger. So if you want to associate the costs of a position to a specific cost centre, then enter the cost centre code here. Otherwise leave blank.

Budget Centre:

Budget centres denote a part of an organisation to which a specific budget value is applicable. For example, you may have a budget centre of 'Checkouts' to which all checkout budgeting is applied. Budget centres are usually associated with cost centres. However, to ensure flexibility, you can specify a budget centre here so that an employee holding this position has their calculated roster costs and hours applied to this budget centre.

Important: If an employee meets two different criteria, for example, a budget centre is set for both position and location, and both entities have the budget centre loaded against them, then the cost and hours are applied twice - once for each budget centre.

Job:

Links a position and a particular job. For example, a special contract. Otherwise, leave blank.

Award:

Links a position and an award.

Rate:

Links a position and a rate.

Rate amount:

Overrides the standard rate amount.

Factor:

Enter the factor by which the rate amount is multiplied by to achieve a value. For example, 1 for standard time, or 2 for double time.