Direct costs are expenses associated with employee or fixed asset resources cost element (for example, an insurance or maintenance invoice received) that can be charged to projects. These costs must be recorded using the appropriate GL account and section with the dimension employee or fixed asset. Although they are tied to a resource, if they haven’t been assigned to a specific project yet, they can be allocated across projects using this document, potentially based on time card data.
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On this tab, users can specify the general information for the project cost allocation document, i.e., the date, entity, and transaction type.
The “Use New Income & Expenses Reallocation Schema” option refers to an updated internal method (schema) used by the system to manage cost allocation logic.
Note: This is a system-controlled setting and is not amendable by users.
Settings Tab
This tab defines how direct costs are allocated to projects.
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