Note: The two preset time codes (1 and 2) are used in several default system calculations. While you can change the descriptions, any time code of "1" will be used by the system in calculating Regular Time, will be used as the default time code, and will be used to calculate the Normal employee rate. Any time code of "2" will be used by the system in calculating Overtime in Work Resources and will also be used to get any special overtime rate assigned in the Employee module.
Note: Any time code text containing the phrase "External Regular Time" will be used to get any special rate in the Regular External Rate field in the Employees module. Any time code text containing the phrase "External Overtime" will be used to get any special rate in the OT External Rate field in the Employees module. These phrases are not case sensitive.
Employee's Unit Cost * Multiplier * Number of Hours
Straight Time * Number of Hours
Note: This field is used to store the hour type code set up in Eden financial accounting system.