Use Subcontractor Billing Rates to set up the amount you bill customers
for subcontractor work on time and materials projects.
HINT-- To set up the amount you pay to
subcontractors, use a Subcontractor Charge.
SUBCONTRACTOR BILLING RATE BASICS
Entering Subcontractor Billing Rates | Data Fields | Calculation Methods
Using Lists | Using Subcontractor Billing Rates
RELATED TOPICS
Equipment Billing Rate | Labor Billing Rates | Job Costs | Subcontractors | Time
and Materials Billing
Entering Subcontractor Billing Rates
To enter a Subcontractor Billing Rate, follow these steps:
- Choose Billing Rates from the Options menu, then choose Subcontractors from the submenu.
- Click the New button, or click on an existing item and click the Edit button.
- Enter details for the billing rate.
Data Fields
Enter the following information for each Subcontractor Billing Rate:
Name-- Type in a brief name for this billing rate. This is the text that will appear in clairvoyant fields.
Description-- Type in any comments you'd like to make about this item.
Calculation Method-- Choose the method used to calculate this billing rate.
Amount-- If you are using a dollar rate, enter the dollar amount per unit of time.
Startup Cost-- If you charge a fixed amount in addition to hourly usage, enter it here.
Overhead Account-- Choose the overhead account associated with costs that use this billing rate.
Calculation Methods
There are several methods you can use to calculate subcontractor billing
rates.
Dollar Rate-- A flat dollar rate for all uses of this billing rate.
Variable Rate-- A different rate for each subcontractor, which you enter in the Subcontractor account.
Gross Cost-- The amount charged by the subcontractor, before sales tax.
Gross Cost Plus Percentage-- The amount charged by the subcontractor before sales tax, plus a fixed percentage.
Net Cost-- The amount charged by the subcontractor, including sales tax.
Net Cost Plus Percentage-- The amount charged by the subcontractor, including sales tax, plus a fixed percentage.
Using Subcontractor Billing Rates
Enter a Subcontractor Billing Rate into each Subcontractor account in the T&M Billing Rate and Job Cost Rate fields.
When you enter Subcontractor Costs, Goldenseal will fill in the usual billing rates.
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