Freelancer Process: calculate freelancer superannuation and post freelancer costs to an overhead account

Freelancer Process: calculate freelancer superannuation and post freelancer costs to an overhead account

This process should be followed if you want to calculate freelancer superannuation and post freelancer costs to an overhead account in the Profit and Loss.

- Enter the costs and value for the freelancer time via employee timesheets on the job

- Use the freelancer invoice to calculate the superannuation and post the freelancer costs to an overhead account in the Profit and Loss.

Overview of Process 

1. Add a new address book entry, both employee and freelancer address book types should be ticked 

2. In the employment/PAYG tab add a new payroll header, employment info, add new tax info and add super fund information 

3. Enter employee timesheets via costs > timesheets by the hour 

4 Create a new freelancer invoice via costing > supplier invoice > freelancer invoice

Step by step with screenshots 

1. Add a new Address book entry, both employee and freelancer address book types should be ticked 

- Tick both employee and freelancer

- Complete supplier: freelancer and employee details

2. In the employment/PAYG tab add a new payroll header, employment info, add new tax info and add super fund information

Add new payroll header:Record type freelancer/non-performing artist 

Add new employment info: Enter Start date, indicative hours, cost rate, charge rate and tick the Freelancer has superannuation box

3. Enter employee timesheets via costs > timesheets by the hour 

Make sure “Timesheet for: Employee" is ticked (not freelancer), this should be ticked by default, but just run your eyes over it to make sure 

The charge out and costs rate pulls from the information entered in the freelancer employment info screen above

4 Create a new freelancer invoice via costing > supplier invoice > freelancer invoice

      Ensure that the total hours for the employee timesheets match the total hours of the invoice

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