The Wages page records the wages paid an employee.
Note: The employee is already identified as hourly or salaried or a contractor on the Personal Details tab.
Hourly Pay
Hourly Pay Rate - The hourly pay rate for the employee.
Burden Rate - The allocation rate at which indirect costs are applied to the direct costs of either labor or inventory. These costs can include but are not limited to payroll taxes, pension costs, health insurance, dental insurance, and any other benefits that a company provides an employee.
Over Time Pay Rate - The hourly overtime pay rate for an employee.
Pay Period - Weekly, Monthly, Quarterly, Yearly, Contract Length.
Currency
Rate Calculation Guide
This is just a guide to help quickly calculate the hourly wage for an employee. It's a basic calculation of annual salary divided by working hours.
Working Hours Per Year - There are 52 weeks x 40 hours a week = 2080 hours. Adjust for part time employees
Annual Salary - Put the annual salary in this field and then click Calc to display an hourly wage. Does not include the Burden Rate.
External Employee
Vendor - Links this employee to a vendor. Required to add expense entries and time entries associated with projects and tickets to Vendor Bills. Vendor bills can be processed in Quickbooks.
Employee Financials
Equivalent Vendor Record - Creates a vendor alias for an employee. The vendor alias is required to process reimbursements in Quickbooks. For example, use the employee's name with a _v suffix in this field.
