Labor Posting Settings

Labor posting types determine the accounts that Vantagepoint uses to charge labor to projects, phases, and tasks.

You create or modify labor posting types in Accounting Settings. You can also assign labor posting types to employees in the Employees hub. Each employee must be associated with a labor posting type because Vantagepoint uses the labor posting type to charge labor to projects.

Vantagepoint's standard labor types are Employee, Management, and Principal. You can add more types.

Because you categorize your employees by labor type and have their labor posted to separate accounts, the Account Analysis report shows labor expenses separated by labor type. You can post overhead time by project number rather than labor type, as defined in Time Analysis Settings.

Multiple companies

If your firm uses multiple companies, you must set up labor posting types for each company:

  • You create or modify labor posting types at the enterprise level (for all your companies) on the Labor Type grid in Settings > Accounting > Labor Posting.
  • On a company-by-company basis, you assign direct and indirect accounts to each labor type on the Labor Accounts grid on the Labor Posting form.
  • You assign a labor posting type to each employee on the Accounting tab of Employees form via the Employees hub.

Not all companies in your enterprise necessarily have the same labor posting types selected. To allow for the possibility that Company A may reference a labor type that Company B does not use, you must specify the direct and indirect accounts to be used if Vantagepoint processes timesheets or labor adjustments that reference such a foreign labor type. Vantagepoint uses the intercompany account number entered in the Foreign labor type labor posting accounts-Direct field.

To change the active company in the browser application, click the name of the current company on the toolbar and select a company from the drop-down list. To change the active company in the desktop application, select Utilities > Change Company and then select a company on the Company Selection dialog box.