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Project Setup |
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Project Numbers and Names Type in a code number and name for each active project. The code numbers must be in ascending
order with no blank spaces. They do NOT need to be in a continuous sequence. 1-2-4-6-7 is fine, but
2-6-5 or 1---4-5 are not. Although numerical project code numbers are usually
the easiest to handle, you can use any combination of numbers and/or letters. For example, you can
use a number code for the year, followed by a letter for each
job (e.g. 90A, 90B). You can also use decimals (90.001, 90.002) or straight text (SM for Smith, JO for
Jones). To remove a project name: Workman's Comp--by category The two columns at far right are used to calculate workman's compensation rates by category. Use them only if you are calculating your workman's compensation percentages based on the actual work performed. Make sure that each construction cost code (letter or number) is listed in the Work comp category column, and give each code its percentage rate in the Work comp rate column. Each comp rate should be entered as a
percentage--If you are paying at the rate of $.85 per $100 of payroll for
supervision, type .085 into the Work comp rate column next to the SUP cost code. |