Time Based Payout
Time-based payout in ERPNext projects refers to the process of calculating and disbursing payments to employees or contractors based on the time they have spent working on specific projects or tasks.
This feature is particularly useful in industries where billing is tied to hourly rates or milestone achievements. ERPNext facilitates time-based payout by accurately tracking the time logged by individuals against project tasks or milestones. It allows organizations to set hourly rates or payment terms for different roles or projects, ensuring fair compensation for work done.
Time Based Payout
pushkar edited 2 weeks agoTime-based payout in ERPNext projects refers to the process of calculating and disbursing payments to employees or contractors based on the time they have spent working on specific projects or tasks.
This feature is particularly useful in industries where billing is tied to hourly rates or milestone achievements. ERPNext facilitates time-based payout by accurately tracking the time logged by individuals against project tasks or milestones. It allows organizations to set hourly rates or payment terms for different roles or projects, ensuring fair compensation for work done.