Set Up Labor Type Accounts

When you set up a labor type account, you need to associate the general ledger account that is used during the timesheet and labor adjustment posting. If your firm uses multiple companies, you then need to specify the direct and indirect general ledger accounts for the labor posting types for each company in your enterprise.

To set up labor posting type accounts:

  1. In the Navigation pane, select Settings > Accounting > Labor Posting.
  2. In the Labor Accounts grid of the Labor Posting form, click +Add Labor Account.
  3. In the Labor Posting Type field, select the labor posting type that you want to associate with the direct and indirect labor accounts.
  4. In the Direct Account field, select the direct labor account to use when employees with this labor posting type post time to a regular project.
  5. In the Indirect Account field, select the indirect labor account to use when employees with this labor posting type post time to an overhead or promotional project.
  6. Click Save.