Pay Types
Configure payment type categories for time tracking.
Overview
Pay Types define the different categories of time that can be tracked, such as regular hours, overtime, vacation, or sick time. These categories are used in time tracking and payroll reporting.
Accessing This Setting
- Go to Settings > My Company > Pay Types
Configuration Options
Creating Pay Types
- Pay Type Name - Name of the pay category
- Code - Short code for reports
- Rate Multiplier - Multiplier applied to base rate (e.g., 1.5x for overtime)
- Billable - Whether this time is billable to clients
- Active Status - Enable or disable pay types
Common Pay Types
- Regular Time
- Overtime
- Double Time
- Vacation
- Sick Leave
- Holiday Pay
Using Pay Types
Pay types are used when:
- Entering time in time tracking
- Running payroll reports
- Calculating labor costs on projects