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Allocation of labor cost table.
- Labor cost ad and allocation results tables.
- Allocate by time cards (Check how time card date and project cost allocation dates are linked).
- Remaining budget amount columns in the allocation results.
- Recognized by the time cards card table. (used to reverse expenses accrued by time cards if it happened in the same period).
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Allocation of labor cost means distributing an employee’s salary (or total payroll cost) across different projects , and departments , or activities based on how their time was spent.
How to create
To access Project Costs Allocation, go to Project costing → Project Costing documents → Project costs Allocation
Main tab
On this tab, you can enter general information about the labor costs allocation: the dataThis tab is used to enter the key details for labor cost allocation, including the date, document number, entity, and the payroll document to be used that will act as the basis.
- Transaction Type - Select the relevant type,
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- such as Labor Cost Allocation.
- Entity -
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- Choose the
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- entity responsible for the costs.
- Basis - Choose the Payroll Calculation document. This is a required field because it provides the actual labor costs. The system uses this payroll data to retrieve employee salary amounts for allocation.
Once After the basis is selected, the system reviews examines employee timecards for the same corresponding period to determine how their time was distributed allocated across projects and allocates then distributes the salary costs accordingly.
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- Cost Item - The cost category being allocated (e.g., Labor)
- Employee – - The name of the employee whose labor costs are being allocated.
- Accrual Type – Type of payroll cost (e.g., regular hours, overtime, vacation) for this row.
- Expense Item - The GL expense category to which this cost belongs (e.g., Labor Costs).
- Amount – Total cost for this employee/accrual type that will be allocated to projects or non-project work.
- Amount (National Currency) - The value of this cost line in the company’s base currency.
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