Deltek Vantagepoint Help

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Foreign Employee (Labor) Types

You probably will not use the same labor types for all companies in your enterprise. To allow for the possibility that Company A might reference an labor type that Company B does not use, you must specify the direct and indirect accounts to use in processing timesheets or labor adjustments that reference "foreign" labor types.

Enter the intercompany account numbers in the Foreign Employee Type (Labor) Posting Accounts grid in Settings > Accounting > Posting Accounts.

Example

Company A has three labor types:

  • E: Employee
  • M: Management
  • P: Principal

Company B has only one labor type:

  • E: Employee

On a submitted timesheet, William Apple, an employee of Company A, charges time to Project 2019. This is a direct project that belongs to Company B. William Apple has a labor type of P (Principal), which has not been specified for Company B. In terms of intercompany transactions, William Apple has a foreign labor type.

When processing William Apple's timesheet, Vantagepoint uses the intercompany account number specified in the Direct Account field in the Foreign Employee Type (Labor) Posting Accounts grid in Settings > Accounting > Posting Accounts.