Manage Prior Year Time and Materials Revenue
Use this screen to initialize prior year T&M Revenue information.
Costpoint uses this information to enforce hours-based ceilings and to calculate the hours in excess of ceiling for projects with loaded labor rate revenue formulas (T&Ms).
Enter hours by labor category, or, optionally, by employee/vendor. You do not need to initialize this screen if you do not have hours ceilings on your loaded labor rate (T&M) projects. All inception-to-date revenue, cost, and hours information for project reports comes from the Manage Prior Year Cost and Revenue screen and the Manage Project Labor History screen.
This screen updates the Prior Year Project Labor History table by fiscal year. This table is also updated as part of the fiscal year close program. Initialize this screen before computing T&M revenue on projects that contain a loaded labor rate revenue formula on the Manage Revenue Information screen.