🔓 Access level in Planday: Administrator.
🌐 Subscription plan: Plus, Pro, Enterprise.
⏱️ Reading time: 5 min.
✅ Required steps: Set up revenue with cost centres and budgets
Planday offers a variety of options, such as including or excluding VAT, the consideration of open shifts costs, additional payroll costs, etc. These choices aim to provide you with a more accurate understanding of your labor expenses in relation to your revenue forecasts.
Configure additional payroll costs
You can use this option to give you a more realistic view of your labour costs when scheduling. To learn more about additional payroll costs, you can read How to show additional payroll costs on the schedule.
Show Open shift costs on the schedule
Choose this option if you want to display the cost of Open shifts on your schedule so that it compares against your budget.
You can set this cost under Planday Web > Reports > Revenue > Fallback wages.
Select one of the following options to choose when to apply the department hourly fallback wage:
All shifts - Use the fallback wage for all open shifts, past and future.
Future shifts only - Use the fallback wage for open shifts that haven't started yet.
Don’t apply - Leave open shifts out of cost calculations on the Schedule.
Note: Planday calculates the cost of Open shifts based on the Employee group's default wage. If the Employee group doesn't have a default wage, Planday will then consider the shift's Department Hourly wage you enter manually on the page.
Fine-tune your revenue settings
Under Planday Web > Reports > Revenue > Settings, you can find several options.
These settings offer various possibilities for displaying and calculating revenue in Planday. You can enable department-specific budgets, choose to display or hide scheduled salary percentages in comparison to the budget, determine whether revenue should exclude sales tax, set the tax rate as a percentage, display payroll targets in currency amounts and enable AI to forecast revenue and optimise your scheduling.
Note: Enabling department-specific budgets allows you to choose a Department when viewing revenue reports under Planday Web > Reports > Revenue > Budgets from a weekly or monthly perspective.
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