Timesheet Processing
The following step-by-step narrative illustrates the general ordering of the tasks that comprise the entering, editing, and posting of timesheets.
Costpoint's Timesheet functions are independent from Costpoint Payroll, but can be closely interrelated with Costpoint Payroll. If you are not using Costpoint Payroll but are using Costpoint Leave to accrue leave, please refer to "Leave Processing: Step-by-Step." If you are using Costpoint Payroll, please refer to the "Processing the Payroll."
- Related Topics:
- Step 1: Timesheet Periods
You must set up a timesheet cycle schedule on the Manage Timesheet Periods screen and assign it to each employee on the Manage Employee Information screen. - Step 2: Update Essential Screens in Costpoint Employee
If your company uses only Costpoint Labor and Leave to enter timesheets and accrue leave for your employees: - Step 3: Enter Timesheets
When you select the Default Line button on the Manage Timesheets screen, the defaults set up on the Employee User Flow default onto the timesheet line. - Step 4: Print the Missing Timesheet Edit Report
You should review the Missing Timesheet Edit Report to ensure that all employees' timesheets were entered. (Employees who do not have Regular timesheets show up on this report.) - Step 5: Print the Timesheet Edit by Employee Report
If your company uses only Costpoint Labor to enter timesheets for your employees: - Step 6: Print the Timesheet Edit Report by Account
The Timesheet Edit Report by Account can be reviewed by project managers and department supervisors. - Step 7: Print and Post the Labor Distribution
You can post the labor distribution to the G/L as often as desired. - Step 8: Labor Summary Reports
These management reports include labor category summary reports, individual employee labor summaries, and employee direct labor utilization reports. You can print these reports as often as needed. Each time you post the labor distribution to the G/L, subsequent reports contain the updated data.
Parent Topic: Related Topics