Accounting
Use the Accounting application to track your firm’s day-to-day financial activity. You can also generate reports that help you assess project and firm-wide financial performance.
Use Accounting Settings to set up your chart of accounts, which you use when you enter and track your accounting transactions.
- Related Topics:
- Adjust Salaried Job Cost
Use the Adjust Salaried Job Cost (ASJC) feature to create an adjusted hourly job cost rate for each salaried employee for each pay period (timesheet posting). - Overhead Allocation
Overhead allocation is the practice of distributing indirect costs to revenue producing contracts. - Revenue Generation
Because Vantagepoint is an accrual-based system, you can use the revenue generation process to recognize project revenue as it is earned (rather than when payment is received) and match it to expenses as they are incurred (rather than when expenses are paid). - Absence Accruals
You process accruals and make adjustments to paid time off on the Absence Hours Accruals Processing form. - Consultant Accruals
Budget consultant expenses, post accruals for those consultants, and then generate a report. - Intercompany Billing (Desktop)
If you have multiple companies set up in Vantagepoint, you can share employees among companies and maintain accounting for both labor and expense charges associated with shared work efforts. - Labor Cross Charge
Labor cross charging is the transfer of labor expense and associated revenue between different organizations within your enterprise. Use labor cross charges when an employee from one organization works on a project from another organization. The cross charge (transfer) allows each organization to match cost with revenue and fairly assess profitability. - Gains and Losses
If you use multiple currencies, you can calculate and post currency exchange gains and losses. Vantagepoint automatically posts realized gains and losses from foreign currency transactions when you settle the transactions. To calculate and post other currency exchange gains and losses, use the Gains/Losses and Revaluations process. - Tax File Generation (Desktop)
Use Tax File Generation to produce files that contain tax reporting information. - FEC File Generation (Desktop)
Periodically, companies doing business in France must submit the Fichier d'Ecritures Comptables (FEC) to the taxing authorities. - Form 1099 Processing
You must provide a 1099 form at the end of the year to any consultant that was paid above a specified amount (as legislated). The 1099 form displays the amount paid by your enterprise to the consultant. - Approvals Review (Desktop)
In the Approvals Review application, you can view a list of approval workflow records. - Project Review (Desktop)
Use Project Review to see an overview of a project's performance without running a report.
Parent Topic: Deltek VantagepointSM Help