to select, the starting value for the
range you want to include. If you select All
or From Beginning in the Range Option field,
this field will be inactive. Use this screen to create or update budgeted indirect costs with computed pool rates. This screen updates projects with computed actual or target rates, and applies the rates to budgeted direct costs to arrive at budgeted indirect amounts. You can specify the projects and subperiods to be updated.
The budget revision updated is always the revision identified as "current" in the Maintain Budget Revisions screen (Projects » Budgeting and ETC » Period Budgets). If you want to apply indirect costs to budgets using a different budget revision, you must make the desired budget revision the "current" one in the Maintain Budget Revisions screen. If you change the "current" budget revision after running this screen, your budgeted direct cost and indirect cost data will not tie out properly.
This screen will update using either current or year-to-date rates depending on the rate method being used by your company. The rate method is usually determined during Costpoint initialization in the Project Settings screen (Projects » Project Setup » Controls). The rates used by this screen (Apply Indirect Costs to Budgets) are stored in the Pool Rate table. They will be applied to direct costs based upon the mapping of accounts/organizations to cost pools. Rates stored in the primary allocation group (those applied to projects) are used by this screen.
Run this screen any time after setting up project direct budgets. Because rates are stored in the Pool Rate table by fiscal year, period, and pool, you must first compute indirect rates for all periods if you are using actual rates or enter the indirect rates if you are using target rates.
Select the range of projects you want to update.
Select the range of projects you want to update. The available options are:
All
One
Range
From Beginning
To End
The default for this field is All.
Enter, or use to select, the starting value for the
range you want to include. If you select All
or From Beginning in the Range Option field,
this field will be inactive.
Enter, or use to select, the ending value for the range
you want to include. If you select All,
One, or To
End in the Range
Option field, this field will be inactive.
Use this group box to select either actual or target rates to update your budgets. These rates are taken from the Pool Rates subtask of the Cost Pools screen.
Select this option to update project budgets with target rates. Make sure that the target rates for the period you are updating have been entered in the Pool Rates subtask of the Cost Pools screen (Projects » Cost and Revenue Processing » Cost Pool Setup).
Select this option to update project budgets with actual rates. Make sure that the actual rates for the period you are updating have been calculated and are in the Pool Rates subtask of the Cost Pools screen (Projects » Cost and Revenue Processing » Cost Pool Setup).
Select the range of subperiods you want to update.
Select the range of subperiods you want to update. The available options are:
All
One
Range
From Beginning
To End
Enter, or select from the drop-down lists, the fiscal year and period for which you want to update project indirect budget information.
Depending on your Range Option selection, one or both of these fields may be inactive. Enter the starting and/or ending subperiod(s) for which you want to update project information. The period starting and ending dates will display in the fields to the right.
Once you have made your selections, click the Process icon on the toolbar to start the process of updating budgeted indirect costs with costs based on computed pool rates.