How do I calculate a percentage based on multiple overheads?
Use percent of overheads to charge a percentage of the amount allocated to overheads. Example: 5% of overheads. Overhead A + Overhead B + Overhead C = $200.00. The new overhead will calculate a percentage, like
this 0.05 multiplied by $200.00 equals $10.00.
Calculating a percentage based on multiple overheads
1. Open Connect Timekeeping Organization Overheads.
2. Use the Overhead Code field to enter the overhead code of the overhead that will calculate a percentage based on multiple overheads. Press Enter.
If the overhead code does not exist, use the help topic titled How do I add an overhead?
3. Use the Basis menu to select Percent of Overheads.
4. Select the Overheads this overhead will use to calculate.
Find the field titled Overheads and click Select.
The Selection form displays a list of overheads.
Move the overheads that you want to use to calculate the new overhead to the Selected Items list.
Click OK.
The Overheads field displays the overheads to include in the overhead calculation.
5. Use the Amount/Rate/Percent field to enter the percentage to calculate on each overhead.
6. Click Save (CTRL+S).
This overhead will use the total from the selected overheads to calculate a percentage.
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