Labor and Accounting

Employees record time on timesheets, which are the basis for labor costing to projects. You can adjust hourly rates, set effective dates for rate changes in pay and cost rates, and set up labor cross charges.

Related Topics:

  • Timesheet Posting and Labor Distribution
    Employees enter timesheets to charge labor to the projects on which they worked in a given timesheet period. When you post employee timesheets, Deltek automatically posts those labor charges to the general ledger.
  • Adjust Salaried Job Costing
    Use the Adjust Salaried Job Costing feature to create an adjusted hourly job cost rate for each salaried employee, based on the employee's salaried pay rate and the actual hours that the employee works each pay period.
  • Effective Dates for Cost and Pay Rates
    Use effective dates to specify when a change will occur in the cost or pay rate associated with a labor rate, labor category, labor code, or labor override table.
  • Labor Cross Charge
    A cross charge is a sharing of labor resources between different organizations within your enterprise. For example, a cross charge occurs when an employee from your Northeast office works on a project for your Southwest office.
  • Recording Payroll with a Journal Entry
    If you use the Deltek Payroll application, Deltek enters payroll data in your general ledger when you post payroll transaction files. If you use a different application to process your payroll, you must record payroll entries manually in the general ledger. Typically, you do this with a journal entry transaction.
  • Overhead Allocation
    Overhead allocation is the practice of distributing your indirect costs to revenue-producing projects.
  • Revenue Generation
    Because Deltek is an accrual-based system, you can recognize revenue when it is earned, rather than when payment is received, and recognize expenses when they are incurred, rather than when they are paid.
  • Consultant Accruals
    Use the Consultant Accruals feature to budget project expenses at the vendor/consultant level using the Project Budget Worksheet, post expenses as they accrue for vendors/consultants, and compare accrued expenses to budgeted expenses.
Parent Topic: Accounting