Actual Overtime Cost Custom Field

Actual Overtime Cost

Actual Overtime Cost custom field shows the cost for overtime work that has been performed by resource so far. For example, resource Sandra has overtime rate $10 USD per hour. This resource has spent 48 hours of overtime work in access of regular working hours. So actual overtime cost for Sandra is $480 USD.

Actual Overtime Cost custom field helps track the overtime expense and estimate if you are staying within your budget for this task or the whole project.

VIP Task Manager Professional calculates the Actual Overtime Cost automatically by the following formula:

Actual Overtime Cost = Overtime Rate * Actual Overtime Work

to create custom filed Actual Cost you need to do the following:

1. Create the following custom fields:
• Overtime Rate
• Actual Overtime Work
2. Go to: Tools/Custom fields and press "Ins" button



3. in "Title" field enter "Actual Overtime Cost"



4. in "Code" field enter "cf_ actual_overtime_cost"



5. in "Type" field select "Currency" and click "Ok" button



6. in "Formula" field enter the following formula:

$cf_overtime_rate * ToFloat($cf_actual_overtime_work)*24



7. to display custom field Actual Overtime Cost on Task List or Task Tree please go to Task List or Task Tree, click Task List Columns or Task Tree Columns button and check the custom field "Actual Overtime Cost"