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September 10, 2021
Question

Why is hourly cost and payroll expenses different

  • September 10, 2021
  • 1 reply
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job costs and profit margin

1 reply

JessT
September 10, 2021

Hi bdodson-brockand,

 

Thank you for posting about the hourly cost and payroll expenses.

 

The difference between them is the hourly cost is based on the Cost rate (/hr) while the payroll expenses are based on the Billable (/hr) and may include a markup. These two can be manually entered or modified when adding time entries into a project.
 

 

Hope that this clears up the difference.

 

If you have other questions in mind, feel free to go back to this thread.