We hear from contractors all the time about how they want better visibility into their labor costs without staying up all night wading through spreadsheets to get it.
By using Workyard to track employee time, our software will automatically generate labor cost reports for you to view.
Workyard takes into account hours worked, worker's comp costs, and overtime rules, then segments those costs by customer, project, employee, and cost code. With Workyard you'll never be in the dark about your labor costs again.
Workyard allows you to see your costs through multiple views:
The summary view allows you to see labor costs by projects.
By clicking into individual projects you can see labor costs by employee and cost code.
In order to use the cost allocation report, you'll need to set up your projects and have employees submit time cards for those projects.
Navigate to the Manage Projects menu option. Once in the Manage Projects section, create a project and assign a customer, job site(s), and cost code(s).
You can even more precisely report on your costs by allowing your employees to tag hours worked to individual cost codes. To set up cost codes navigate to the Manage Projects section and select Cost Codes.
Once you've set up projects and cost codes, workers can tag their time cards to them in just a few taps.
Duration - this is the total time from all time cards submitted for a given project
Pay - this is the total pay accumulated from all time cards submitted for a given project. If this appears as $0 then you will need to set up pay rates for your employees.
WC - this is the total Workers Comp costs accumulated from all time cards submitted for a given project. If this appears as $0 then you will need to set up WC rates for your employees.
Total - this is the total labor cost accumulated from all time cards submitted for a given project.
$0 pay - this indicates that no pay rate has been set for the employee(s) who have submitted time. You'll need to configure pay rates for those employees.
$0 WC - this indicates that no WC rate has been set for the employee(s) who have submitted time. You'll need to configure worker's comp settings for those employees.
Working time card warning - if a time card is currently active (i.e. in a "Working" status) then it will not appear in the job cost report.