Financials

These fields appear in the Financials section of a staffing request.

Note: A red asterisk (*) indicates a required field.

The Financials section features an Effective Dating List that allows you to make modifications to financials values based on a specific date range. Modifying any financials impacts the calculation of billing items entered for that time stamp range.

The list details the justification and the user that made the modification. The most current modification appears in orange at the top of the list. You can edit any of the existing changes by selecting the effective date timestamp in the list, and click Edit selected Effective Date. The financials details for that time stamp range appear in the section. To add a new range, click New Effective Date.

Note: If you click New Effective Date and enter an existing date (existing timestamp in the list), any saved changes override the previously saved information for the same date.

Note: If the Revision Approval Routing workflow is used for engagements, creating a new effective date triggers the revision process. You are asked to confirm and proceed in this case.


Field	Description
Department	In the text field, enter text to search for the department, or select it from the drop down. The department is the cost center for the engagement. The application automatically suggests values in which the hiring manager is assigned (Departments section of the user record). You can click Add New to open a search pop-up. The pop-up allows you to search by department number and name, and parent department name. After entering search criteria, click Search. You can select one of the results to populate the field by clicking Select in the result row. You can click Search with no search criteria to display a full list of departments for the client organization.
Currency	From the Currency drop down list, select the currency for the job record. You can only assign one currency to an engagement.
Bill Rate/Piece Rate	If piece rates are enabled for the client, click Piece Rate to configure piece rates for the request. This option defaults to Bill Rate. If the client organization is using the Market Rate Module, the module data is displayed in the Financials section next to the Bill Rate field. For more information, see Market Rate Module. If you are using piece rates, complete the fields described in Financials - Piece Rates. If you are using piece rates, you also need to enable a time card type to allow a worker to bill per unit completed. For more information about time cards, see Time Card Types.
Hours Per Week	Enter the number of hours the worker is required to work for the week. Values appear in this field by default. You can modify the values by clicking in the field and entering a new value, then saving. You can also set the default work schedule that appears when a new request is opened. Modifying values and saving automatically updates system-calculated totals for the request.
Hours Per Day	Enter the number of hours the worker is required to work for the day. Values appear in this field by default. You can modify the values by clicking in the field and entering a new value, then saving. You can also set the default work schedule that appears when a new request is opened. Modifying values and saving automatically updates system-calculated totals for the request.
Days Per Week	Enter the number of days the worker is required to work for the week. Values appear in this field by default. You can modify the values by clicking in the field and entering a new value, then saving. You can also set the default work schedule that appears when a new request is opened. Modifying values and saving automatically updates system-calculated totals for the request.
Additional Cost Estimation	You can enter additional financial parameters for the job record. To add parameters, click Additional Cost Estimation and enter the following information: Premium Time Expenses Per Week Tax Rate Budgeting Padding % These fields are hidden unless they are enabled for the client organizations at the client level (Configuration > Settings > Configuration > Configuration tab > Display Advanced Financial Parameters.
Market Bill Rate	Displays information regarding the bill rate from the Market Rate Module (MRM). For more information about the MRM, see Market Rate Module.
Pay Rate	Enter the pay rate for the request. This field is hidden if you enable the Supplier Bill Rate field for the client organization.
Bill Rate	Enter the client bill rate for the request.
Supplier Bill Rate	Enter the bill rate for the supplier. This field is automatically recalculated if the client bill rate or the mark up percentage is modified. This field is automatically populated if you have configured a default down fee for the client organization. For more information about setting this value, see Client Settings.
Duration	From the Duration drop down list, select the duration type. This setting impacts the time card type that is available for the engagement. For more information about time cards, see Time Card Types.