Hello,
Employees in my company have three rates: actual cash rate, an internal rate, and an external rate.
The actual cash rate is what we pay an employee, say Bob, hourly.The internal rate is their deferred compensation rate: we have a system where as a small company we can not afford pay Bob what he would get at a big company-$40. His actual cash rate here is $15, making his internal rate the difference between the two, $25. We use the external rate when billing clients.
Any suggestions on how to use the items list to track these three rates for a employee?
Thanks, Gabrielle
p.s. I am using QuickBooks Pro 2006 for Mac