This document is used to register amount of damages/losses with responsible and future allocation of this cost to responsible.
Responsible can be Employee(deduction from salary) or Company (debit note to adjust settlements).
To create such document- Go to Project costing >Open Project damages/losses report from Project management documents.
Click on create to create a new document
In the document, fill all the required tabs as needed
- In the main tab
a) Entity- name of the entity
b) Project-The project where the damage or losses occurred
c) Transaction type- will this loss deductible or can be left without any compensation.
d) Damages or loss by- The loss can be caused by company or employee, based on the requirement select the data type. Both type are explained below
- In the inventory and services tab-fill the materials which are damaged on the site, the unit of measure, the price/amount is based on evaluation. It is not based on Average cost prices instead it is how much company is wanting to charge for the loss.
Add the responsible person in the additional information tab.
Once done, this document can be printed.
- DEDUCTIBLE-
Use the generate option to create Deduction document, for employee it will be deduction automatically created, the same amount will be deduct from the next payroll calculations as deductions.
for company, create the project damages and loss report with company data type
Create deductible document, it will create debit note with transaction type Goods return.
The data will be filled automatically based on the project damages and loss report, review the details and post the document.
Based on the debit note, create bank/cash receipt.
NON DEDUCTIBLE- It is when no compensation will be received and entity will bear the loss for materials.
Inventory write off document will be create, choose the required correspondence. expense GL. rest of the details be filled automatically.
Thanks for being firstbit customer! #Contracting #Damages #loss compensation