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Employee changed from Subcontractor to Employee - rate did not update for project cost

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Posted on by Community Member Microsoft Employee

An employee changed from subcontractor to employee and they got a new hourly rate as of 1/1, but there cost on the Project Profitability Report for 1/1-1/31 is still reflecting there rate prior to 1/1. Why was the rate not updated when calculating the report?

Thanks,

Chuck

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Community Member Microsoft Employee on at

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RE: Employee changed from Subcontractor to Employee - rate did not update for project cost

Mark

A belated thanks!

In T&E setup, Cost Labor is on Approval

Chuck
Mark Asmus on at

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RE: Employee changed from Subcontractor to Employee - rate did not update for project cost

Chuck,

Here are some things to check on:

1 - Does the employee's new rate appear on the actual timecard transactions (if you review Transaction Detail Inquiry or Project Transactions report)? The project profitability report has a lot going on, so would be good to know if it's just with that one report or if the system really did use the old rate

2 - When was the new rate added? I assume the effective date was set as 1/1/2015, but did they add that in December or January? It could be that some time was already entered for January before the new rate was setup.

3 - In time and expense setup, labor rate setup tab, is "cost labor on entry or approval" set to entry or approval?

Thanks,