Labor and Accounting

Employees record time on timesheets, which are the basis for labor costing on projects. You can adjust hourly rates, set effective dates for rate changes in pay and cost rates, and set up labor cross charges.

Related Topics:

  • Timesheet Posting and Labor Distribution
    Employees enter timesheets to charge labor to the projects on which they worked in a given timesheet period. When you post employee timesheets, Vision automatically posts those labor charges to the general ledger.
  • Adjust Salaried Job Costing
    Use the Adjust Salaried Job Costing feature to create an adjusted hourly job cost rate for each salaried employee based on the employee's salaried pay rate and the actual hours the employee works each pay period.
  • Effective Dates and Cost Pay Rates Structure
    Vision's effective dates feature allows you to specify when a change will occur in the cost and pay rate that is associated with a specified labor rate, labor category, labor code, or labor override table.
  • Labor Cross Charge
    A cross charge is a sharing of labor resources between different organizations within your firm. For example, a cross charge occurs when an employee from your Northeast Office works on a project for your Southwest Office.
Parent Topic: Accounting Concepts Overview