Entering personnel as cost of sales (or direct labor)

Direct labor employees are those whose salaries are directly related to your revenue. A good example is a restaurant server - his wages are part of the cost of bringing a restaurant's product to its customers.

Adding personnel as Cost Of Sales (Direct labor):

1

In your financial forecasting tool, Navigate to Cost of sales tab and scoll down to navigate to Direct personnel costs click on Add Personnel Group button:

2

In the overlay that appears, Enter Personnel Group title and click on Save & Next button :

3

Add a Personnel into a group: Under a Personnel Group created Click on Add Personnel button:

4

In the overlay that appears, select whether you're adding an individual employee or a group of employees:

If you chose an Individual option: 

If you chose Group of employees, enter the number of full-time equivalents (FTEs) you'll be hiring:

5

Enter a name for the hire (or group of hires) or just a short description, if you prefer:

6

Choose whether you will pay them the same amount each period or a varying amount:

  • If you chose Constant amount, enter the amount you'll pay them either per month or per year:

    Note: Enter the salary you expect to pay for a single full-time individual in this group. Upmetrics will multiply this amount by the total number of staff in the group.

    And, indicate whether you want to include annual or monthly raises (and if so, what percent):

  • If you chose Varying amounts over time, enter the salary you expect to pay for a single full-time individual in the sheet. If you are adding a group of employees, we will multiply that single salary by the total number of staff in the group:

7

Time Duration: Then indicate when the employee(s) will start/join and terminate his job. Then Click Next:

8

Indicate whether these are on-staff or contract employees:

Enter the percentage of tax & benefits(Burden Rate(%)) :

Note: The percentage of tax & benefits (burden rate) only applies to on-staff employees; not to contract workers.

9

Turn on the change to direct cost switch, Then click on Save & Close overlay:

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