Set your hourly rate

Your hourly rate is the amount you charge per hour. NettoWise uses it as a default so you can quickly calculate gross profit when creating a salary based on the hours you enter.

Where to set your hourly rate

You set the hourly rate per tax year in your company data.

1. Go to Portal → Data → Company.
2. Open the Hourly rate card.
3. Enter your standard hourly rate and save.

When you start a new year, NettoWise asks for this during the year setup. You can always change it later in the same place.

What Nettowise uses it for

NettoWise uses your hourly rate to calculate gross profit when creating a salary, based on the hours you enter. That saves you from calculating or typing the amount every time.

Can I change it per salary

Yes. The hourly rate is a default value. When creating a salary you can adjust the gross profit manually if you use a different rate or amount for that period.

When should I update it

Update the hourly rate when you start using a new standard rate or when you start a new tax year. That keeps the calculations consistent for that year.