How should a managing director of an SME calculate his own hourly wages?
The salary costs of a managing director in an eTEN project are subject to the following considerations: should it be also mentioned that if directly charged to the project that these costs should not appear as overhead costs – I assume that this is not the manager/owner question which is different) Under normal circumstances a managing director of a company is accounted for as sharing in the profits or in the overheads when her/his role is a horizontal one not directly accountable to any project being undertaken by the company. If directly charged to the project these costs should not appear as overhead costs. Where a managing director is working on a project it must be on tasks appropriate to her/his position and expertise. Where a managing director is working on a project, he must keep a time sheet record of his activities. The company accounts must show the salary costs of the managing director to the project.
Related Questions
- In the case where a managing director is charging her/his company for the work s/he does with different hourly wages for different tasks. Which hourly wage should s/he use for the eTEN project?
- How should a managing director of an SME calculate his own hourly wages?
- How Do You Calculate Hourly Pay From Yearly Salary?
