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My understanding from working at a company that did that was that it’s technically required in case they’re audited. That is, to treat your salary as capital i
by gshdg 7y ago
My understanding from working at a company that did that was that it’s technically required in case they’re audited.
That is, to treat your salary as capital investment instead of operating costs (which has certain accounting benefits), they need to allocate that salary to specific investments (projects).
- yellow_lead 7y agoYes, this is exactly what was explained to us. I only hope it doesn't become used for more than that. I already feel self conscious about if I'm logging too little time.
- gshdg 7y agoWhere I was, that was very much all they used it for. Hope it’s the same for you. FWIW, they only asked us to very roughly divide our time up with a minimum of 8 hours per workday (anything not allocated to a project or maintenance went to a bucket that included meetings, PTO, and more). I responded to that by tracking (partly for my own purposes) as many hours as I put in in a day, so I’d know when I was working too many hours per week. And to passive-aggressively make sure they’d know too!