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Project Setup
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- Enables quick and easy setup for all project types.
- Provides roll-up capabilities with a detailed Work Breakdown Structure (WBS) for any project level.
- Establishes and maintains company-wide settings and codes for projects.
- Initializes labor categories and billing rates.
- Sets up revenue calculation methods.
- Enters data and inquires on project history.
- Sets up project values and unit pricing.
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Cost and Revenue Processing
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- Establishes cost pools, allocation groups, and pool processing sequences.
- Computes burden cost, revenue, billing value of cost incurred, multi-job allocations, and rates and cost allocations for both pools and service centers.
- Loads labor rates, applies discount amounts, and posts revenue and inter-company journals.
- Handles more indirect cost allocation methodologies than any other software solution and provides sophisticated revenue calculations for numerous project types, including time and materials, fixed price, multipliers, and reimbursable costs.
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Project Inquiry and Reporting
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- Computes and prints commitments for purchase requisitions and purchase orders.
- Produces reports that accurately predict General Ledger charges and future financial obligations.
- Creates analysis, summary, and worksheet report tables necessary for specific project reports.
- Reviews project costs and revenue without printing reports.
- Researches potential revenue problems and reviews project ledger information.
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Billing
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- Automatically produces the types of standard billings most commonly required by project-oriented organizations, and provides extensive flexibility for creating cost-based, hours-based, unit-based, or generic billings.
- Creates project product, customer product, manual, standard, and milestone/percent complete bills in any currency.
- Prints supporting schedules for labor or other costs for standard bills only.
- Provides standard billing computations and formats for billings to the United States government.
- For users of the government's Invoicing, Receipt, Acceptance and Property Transfer (iRAPT) system, creates FTP files to upload invoices to the iRAPT (standard bills and progress payment bills only).
- Using the ACRN (Accounting Classification Reference Number), invoices data at the billing level for projects that are calculated using the Calculate Standard Bills application (standard bills only). Manual and progress payment invoices are not included. The ACRN functionality in Costpoint is compatible with iRAPT functionality but only for standard invoices.
- Integrates seamlessly with Costpoint Projects, Accounts Receivable, Product Definition, and Sales Order Entry.
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Inter-Company Work Orders
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- Facilitates setup, processing, and transfer of Inter-Company Work Order (IWO) information.
- Creates, maintains, exports, and imports IWO allocations and posts to the IWO Journal.
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