Tracking and Billing Employee Time: Billing Rate Levels
QuickBooks allows you to set a default billable rate for an employee or even to bill the same service item at different rates for different employee groups. This capability allows you to maintain a single service list item for invoicing while automatically billing based on the employee who performed the service. The ability to create billing rate profiles that can be assigned to multiple employees allows you to set specific rates for multiple service items.
In the examples below, we have created a billing rate level called "Draftsman" and one for "Licensed Architect". For the first, we set the hourly rate for "Blueprint changes" to $35 and for the latter, we set the hourly rate to $75.
We can then, asiign these billing rate levels to other employees as shown below.
Robert Guild is certified QuickBooks ProAdvisor in Austin, TX who conducts CPE courses for CPAs and individual training and group classes to QuickBooks users. His company at www.QBCoach.biz, maintains a sixteen-station QuickBooks lab, providing hands-on training. You can contact him directly at rguild@QBCoach.biz or follow him on twitter at QBPro