This article explains the various types of Margin Methods available in the Agency & Contractor record.
Agency record
Agency Record → Main tab → Contractor Payment → Margin Method
The ‘Margin Method’ determines how the margin (aka. admin fee) should be calculated & deducted from the contractor. There are various types of margin methods as explained below
- Use Contractor Rule
This method uses the margin method mentioned in the contractor record. If different contractors have different margin methods, the program will apply the margin method specified within the individual contractor record.
- Apply Fixed Fee
This method uses the fixed margin amount specified in the ‘Margin’ field.
- Apply Fixed Fee Table
This method allows the user to create a table and set a fixed fee for a timesheet range (Eg. For the timesheet value between £0 and £200, the margin amount to be deducted should be £4; for timesheet value between £3200.01 and £300, the margin should be £12 etc...).
To create or edit a margin fee table click on the
icon and to add a new line, click the 
icon. If you wish to delete a range you can click the bin icon 
in the ‘Action’ column. Once you have set up the fee table, click ‘Save & Exit’ to apply the changes.
- Apply % Fee Table
This method allows the user to create a table and set a percentage value for a timesheet range (Eg. For the timesheet value between £0 and £120, the margin amount to be deducted should be 0.5%; for timesheet value between £120.01 and £240, the margin should be 1% etc...).
To create or edit a margin fee table click on the
icon and to add a new line, click the 
icon. If you wish to delete a range you can click the bin icon 
in the ‘Action’ column. Once you have set up the fee table, click ‘Save & Exit’ to apply the changes.
The ‘Consolidate Timesheets?’ option will determine whether each timesheet imported will have the margin calculated and deducted separately or will one margin amount be deducted for the total timesheet value. The ‘Margin Capped at’ will determine the maximum amount that can be deducted per period if the margin calculated exceeds this value (in the below example, it is £25).
Contractor Record
Contractor Record → Umbrella tab → Main Settings → Margin Method
- Follow Agency Rule
The margin amount calculation will depend on the margin method specified in the Agency Record.
- Apply Fixed Fee
This method uses the fixed margin amount specified in the ‘Margin Deduction’ field.
- % on Timesheet Value
The margin amount will be calculated as a percentage on the timesheet value. The percentage value should be mentioned in the ‘Margin Deduction’.
- Fee per Timesheet
This method deducts a fixed fee for every timesheet processed for a contractor in that pay period.
