Contents of the Manage Prior Year Time and Materials Revenue Screen

Use the fields and options to configure the Manage Prior Year Time and Materials Revenue screen.

Prior Year Time and Materials Revenue

Field	Description
Fiscal Year	Select the fiscal year you are updating. The fiscal year must be set up as a valid fiscal year.
Project	Select the project to update. For hours to be recognized in the revenue calculation, this project level must be the same as, or lower than, the level at which the revenue formula is set up on the Manage Revenue Information screen. For example, assume a three-level project. Revenue is recognized at the second level, costs are charged at level three. You must enter hours at the second or third level for them to be recognized in the calculation of revenue and ceilings. Hours entered at level one are ignored. The field to the right of the project displays the project name.

Prior Year T&M Revenue Details

Field	Description
Account	Enter, or click to select, the account to which you charge the hours. This account must be a detail account, and it must be set up as a Project Required account on the Manage Accounts screen.
Account Name	The account name is displayed from the Account table.
Organization	Enter, or click to select, the organization to which you charge the hours.
PLC	Enter the PLC you want to charge. This PLC must be a valid labor category.
GLC	Enter the GLC you want to charge. Records can contain both a PLC and GLC. Billing rates are determined by PLC, however.
Actual Amount	Enter the actual amount paid.
Actual Hours	Enter the actual hours worked.
Allowable Hours	Enter the allowable hours. Allowable hours cannot exceed actual hours worked. Allowable hours are used in the calculation of over ceiling amounts.
Billing Rate	Enter the applicable billing rate for the hours worked.
Rate Type	Use the drop-down list to select a valid rate type. Valid options are: A: Actual rate B: Billing rate C: Ceiling rate S: Standard rate
Employee	If you are entering hours by employee, enter, or click to select, the employee who worked these hours.
Vendor	If you are entering hours by vendor, enter, or click to select, the vendor who charged these hours.
Vendor Employee	Enter the vendor employee ID.