Recast Overtime Premium to Timesheet Lines
Overtime premium recast enables you to reassign the premium portion of overtime charges to a specific recast project, account, and/or pay type that is different from the charge accounts noted on the original timesheet.
Use this screen to recast the overtime premium portion of non-exempt employees' timesheet lines to the recast project, recast account, recast org, and/or recast pay type specified on the Manage Overtime Premium Recast Charge Codes screen. You can recast all unposted timesheets for your login company or you can recast the timesheets for only one cycle. If you choose to recast for one cycle, this application reads the timesheet table for the Regular, Replacement, and Labor Only type timesheets that are assigned to the timesheet cycle chosen and that fall within the start and end dates for that cycle. The timesheet period for the selected timesheet cycle can be either Open or Closed.
Timesheets with computed leave or payroll, or those posted to Costpoint Payroll, Labor, or Leave, are excluded from the recasting process. You can recast hourly and/or salaried employees. Two additional timesheet lines generate for each timesheet line with a project account group, labor group, and/or pay type that is eligible for recasting, based upon the parameters assigned for these items on the Overtime Premium Recast screen. The two lines reduce the original timesheet line and charge the overtime premium portion to the recast project, recast account, and/or recast pay type.
The generated timesheet lines contain the recasted labor costs for the overtime premium portion, zero charge hours, the recast account, the recast project, and/or the recast pay type.
Contingent upon the setup on the Overtime Premium Recast screen, the recast project and/or recast account can be the same as the original timesheet line, or can be one specified on the Overtime Premium Recast screen. The recast organization can be the same as the original timesheet line, the timesheet line project's owning organization, the employee's home organization, or one specified on the Overtime Premium Recast screen.
The recast pay type, if specified on the Overtime Premium Recast screen, is written as the pay type on the generated timesheet lines. If you did not specify the recast pay type on the Overtime Premium Recast screen, the pay type designated in the Pay Type table for the original timesheet line's pay type (the Pay Type to Use designated on the Manage Pay Types screen for the original timesheet line's pay type record) has the next highest priority, and if no recast pay type is designated in either of these two screens, the OT Premium Recast Default Pay Type on the Overtime Settings subtask of the Configure Labor Settings screen is used on the generated timesheet lines. This application gets the above information from the Overtime Premium Recast screen based on the timesheet line's account group code, labor group code, and pay type.
The Recast Overtime Premium Report prints as part of the recast process; it contains the recast timesheet lines in employee ID order. The report contains the original timesheet line, along with the "back-out" line and the overtime premium recast line. The generated timesheet lines contain the recast labor costs for the overtime premium portion, zero charge hours, the recast project, the recast account, and/or the recast pay type. The compute method code on the timesheet line is set to G for the generated lines and updated to append a "*" on the original timesheet line. If the program finds any invalid account/organization combinations, it prints an error report.
After reviewing the report, you can recast the changes to the Timesheet Line table to change the eligible timesheets.
If you are using this screen, you cannot use the Allocate Compensated Overtime Across Timesheet Lines and the Delete Allocated Compensated OT from Timesheet Lines screens.
Run this screen after entering R (Regular), D (Replacement), or L (Labor Only) timesheets, but before computing leave or payroll, and before posting them for Costpoint Payroll, Labor, or Leave. This program will recast only R, D, or L timesheets; other timesheet types (C, B, and so on) are not processed. If you use the Apply Weighted Average Rates to Timesheets screen, you must run it before running this screen. If you do not run it first, the correct overtime premium amounts are not recast for hourly non-exempt employees.