Configure Subcontractor Accrual Settings

Use this screen to identify subcontractor timesheets and expenses that must be accrued.

You can also establish the account and organization charge codes for the accrual liability. Accrual liability is an expense created as a result of a commitment (such as a purchase, payroll, or taxes) that is to be paid. The options you set in this screen will default into the Create Subcontractor Accruals screen, but you can also modify them there if needed.

Subcontractor accruals allow you to record subcontractor work hours and costs before timesheets and expenses are signed or approved. Before you create subcontractor accruals, Costpoint checks the PROJ_PEND_SUM table for the most recent update. If no records are found, Costpoint displays an error and requires you to process subcontractor timesheets or expenses in the Update Pending Report Tables (PJPPEND) application. If records exist but the most recent update is more than five days old, Costpoint also displays an error and requires you to reprocess the data in PJPPEND.