Cost and Revenue Processing
Use Costpoint Cost and Revenue Processing to set up your cost pools, allocation groups, and pool processing sequence.
You can compute rates and cost allocations for both pools and service centers, compute burden cost, load labor rates, compute revenue, compute billing value of cost incurred, compute multi-job allocations, apply discount amounts, and post revenue.
Costpoint Cost and Revenue Processing handles more indirect cost allocation methodologies than any other software solution and provides sophisticated revenue calculations for numerous project types, including time and materials, fixed price, multipliers, and cost reimbursable.
The new tables are: Project Hierarchy (PROJ_HIERARCHY), Source Project Mapping (PROJ_SRCE_PROJ), Invoice Level Mapping (PROJ_INVC_PROJ), and Revenue Level Mapping (PROJ_REV_PROJ).
Related Topics:
Cost and Revenue Processing Process Flow
The Cost and Revenue Process Flow describes the overall process involved in the Cost and Revenue module.
Use the screens in the Cost Pools application group to manage cost pools, create pool links, and print cost pool reports.
Use the screens in the Cost Pool Processing application group to build the Rate Application table, calculate pool rates, and manage import, and post allocation journals.
Use the screens in the Multi-Job Processing application group to create, manage, and import multi-job allocation information, as well as track multi-job allocation history.
Use the screens in the Project Cost Processing application group to create journal and cost of goods sold entries, and to compute burden costs and inventory burden rates.
Use the screens in the Revenue Processing application group to compute, redistribute, and post revenue.
Use the screens in the Project Transfer Processing application group to create, manage, and update project transfer information.
This application group has the Compute Billing Value of Cost Incurred screen that you can use to calculate the billing value of cost incurred of projects.
Cost and Revenue Processing Utilities
This application group has cost pool, period, and year-end utilities.
Cost and Revenue Processing Interfaces
Use the screens in the Cost and Revenue Processing Interfaces application group to set up the Microframe Interface.
Use the screens in the Cost Pool Controls application group to manage allocation groups and pool processing sequence numbers.
Use the screens in the Administrative Utilities application group to combine duplicate rows in the Labor History table and synchronize project performance tables.
Use this section to learn more about calculations performed by Costpoint for hours-based cost pools.