Services by labor code summary

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The charge for a particular service should be determined by the  amount of time it takes to perform, and the profitability.

 

To best  understand each service, and to have a basis for setting prices, the  Code report is used. This lists each service, in order of code  sequence, and details the date, workorder number, cost, charge,  units, and technician.  Once each incidence has been detailed, the  system then provides totals for cost, charges, and units.

 

This report should be run periodically, and the figures assessed to  determine if the proper pricing has been set for the service.  Although the pricing may have been established initially based on  suggested rates, or 'industry standards', review of the actual times  required to perform services may show that the charges are  insufficient to earn the proper margin.