Deltek Vantagepoint Help

Using the Help Search

Set Up Accounting

Use the Accounting page to set parameters for accounting postings.

Video: See related video

Accounting has multiple menu options, each focused on a different area. The fields are pre-populated with default entries based on the options you selected during activation. We recommend you keep the default settings in each area, but you may need to change items that need to be specialized for your enterprise.

Review the default settings in each area and update any fields as needed. You can modify any fields and implement advanced features later in Vantagepoint Settings after the setup process is complete.

Menu Item	Description
Summary	This form shows you the work that you have done on the other forms.
Options	Use this form to choose how to indicate the levels of the work breakdown structure (WBS) at which you can enter project compensation amounts and contract detail amounts in the Projects hub.
Time Analysis	Use this form to set up the Time Analysis report, which lets you review how your employees are using their time. You can view employee time from several perspectives, using comparisons of direct time, indirect time, and total time worked. An analysis of indirect time helps you monitor paid time off and control non-billable time. See the Time Analysis help topic for more information.
Labor Posting	Use this form to set up direct and indirect labor accounts associated with specific labor types, such as Employee, Management, and Principal. When an employee charges time to a regular or indirect project, the labor cost is charged automatically to the appropriate account. Use the Override Labor Accounts section to set up exceptions to these rules. See the Labor Types Settings Overview help topic for more information.
Absence Accrual	Use this form to identify the absence accruals (vacation, sick leave, and so on) that your enterprise tracks for its employees. For each absence accrual, you specify if you want to show the accrual balance on employee timesheets and if you want to set up an absence request approval process and, if so, the employee who is the approval administrator. You also set up a project of range of projects for each accrual. See the Accruals Processing Overview help topic for more information.
Overhead Allocation	Use this form to define how the costs accumulated in overhead projects (such as vacation pay, sick time, rent, utilities, office supplies, and administration) will be distributed to regular, revenue-producing projects. See the Overhead Allocation help topic for more information.

Video

Title	Description
Set Up Accounting	Learn the steps required to complete Accounting Setup. Using `Vantagepoint` to control project success means keeping project management consistent with your financial records. Accounting Setup provides the options to ensure project reporting is consistent with your company's financial reporting.

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Set Up Accounting

Use the Accounting page to set parameters for accounting postings.

Video: See related video

Accounting has multiple menu options, each focused on a different area. The fields are pre-populated with default entries based on the options you selected during activation. We recommend you keep the default settings in each area, but you may need to change items that need to be specialized for your enterprise.

Review the default settings in each area and update any fields as needed. You can modify any fields and implement advanced features later in Vantagepoint Settings after the setup process is complete.

Menu Item	Description
Summary	This form shows you the work that you have done on the other forms.
Options	Use this form to choose how to indicate the levels of the work breakdown structure (WBS) at which you can enter project compensation amounts and contract detail amounts in the Projects hub.
Time Analysis	Use this form to set up the Time Analysis report, which lets you review how your employees are using their time. You can view employee time from several perspectives, using comparisons of direct time, indirect time, and total time worked. An analysis of indirect time helps you monitor paid time off and control non-billable time. See the Time Analysis help topic for more information.
Labor Posting	Use this form to set up direct and indirect labor accounts associated with specific labor types, such as Employee, Management, and Principal. When an employee charges time to a regular or indirect project, the labor cost is charged automatically to the appropriate account. Use the Override Labor Accounts section to set up exceptions to these rules. See the Labor Types Settings Overview help topic for more information.
Absence Accrual	Use this form to identify the absence accruals (vacation, sick leave, and so on) that your enterprise tracks for its employees. For each absence accrual, you specify if you want to show the accrual balance on employee timesheets and if you want to set up an absence request approval process and, if so, the employee who is the approval administrator. You also set up a project of range of projects for each accrual. See the Accruals Processing Overview help topic for more information.
Overhead Allocation	Use this form to define how the costs accumulated in overhead projects (such as vacation pay, sick time, rent, utilities, office supplies, and administration) will be distributed to regular, revenue-producing projects. See the Overhead Allocation help topic for more information.

Video

Title	Description
Set Up Accounting	Learn the steps required to complete Accounting Setup. Using `Vantagepoint` to control project success means keeping project management consistent with your financial records. Accounting Setup provides the options to ensure project reporting is consistent with your company's financial reporting.