Deltek Vantagepoint Help

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Transaction Processing

During the course of a typical accounting period, your enterprise processes a variety of transactions that allow you to track and bill project expenses, process timesheets and generate paychecks, pay accounts due, allocate overhead, and generate revenue.

The types of transactions that you process and the order in which you process those transactions make up your processing cycle.

Vantagepoint includes applications and tools that make it easy for you to record and monitor all of your accounting transactions:
  • Use the Transaction Center to record your day-to-day accounting activity, using a variety of data entry forms.
  • Use the Accounting application to allocate overhead across the enterprise (and among organizations, if applicable) and to process labor cross charges, consultant accruals, and revenue generation.
  • Use the Billing application to bill labor, expense, fees, and unit charges for all projects, as well as to generate invoices automatically.
  • Use the Payroll application to generate employee payroll checks and direct deposits.
  • Individual employees use the Time and Expense application to enter and submit timesheets and expense reports.

The tools available for transaction processing depend on the Vantagepoint applications that you use.

The accounting data from all posted transactions automatically flows through to your project records and reports for each accounting period. At the end of a period, you can generate various reports to assess the financial impact of your transactions on project budgets and performance as well as on corporate and/or organizational budgets and performance.