Units by Project
Use Units by Project to enter units for a single project or for multiple projects as unit transactions.
Before you enter Units by Project transactions, you must set up units and assign account numbers that will be debited or credited when you post units to a project in
.Posting
During a unit posting, Vantagepoint:
- Debits explicitly the amount specified on each detail line to the specified account (typically a reimbursable expense account).
- Credits implicitly the total unit amount to the Credit Account specified in Units Settings (typically, account 792.00 - Miscellaneous Expense Recovery).
Posting Log
Vantagepoint produces a Units by Project posting log each time that you post units, including those transferred from Billing. The log describes all units by project posted during that session. Depending on the type of rate defined for the unit, Vantagepoint displays the following information:
- If the unit has only a billing rate defined, then Vantagepoint displays the following for each unit: unit number, name, project (and task, if any), account, quantity, and extended billing amount.
- If the unit has only a cost per unit rate defined, then Vantagepoint displays the following for each unit: the unit number, name, project (and task, if any), account, quantity, and extended cost amount. A general ledger posting summary also displays listing the debit and credit amounts for this unit.
- If the unit has both a billing and a cost per unit rate defined, then Vantagepoint displays the following for each unit: the unit number, name, project (and task, if any), account, quantity, and the extended billing and cost amounts. A general ledger posting summary also displays. This summary lists the debit and credit amounts for the costed portion of this unit.
- Related Topics:
- How to Work with Unit by Project Transactions
After you open a units by project transaction file, you can work with it on the Transaction Entry form and related dialog boxes. - How to Work with Supporting Documents and Units by Project Transactions
You can associate supporting documents with units by project transactions in Transaction Entry. - Fields and Options
You create and work with units by project transaction files on the Transaction Entry form and related dialog boxes.
Parent Topic: Transaction Entry