Project Standard Costing and Payroll

(0) Share

Report

Posted on by JenWal

750

How do you set up standard labor costing in Projects, use Project Time and Expense Entry to move the hours to payroll, but make sure the rate that goes to payroll is the actual employee rate instead of the standard rate?

I can't find a way to do this. If we use the F/U/P/E method in T&E Setup then use a Rate Table with the average rates, it will send over the Rate Table amount to Payroll since that is the first rate it's finding. We do not want to use the highest wage option, either. The customer wants to use standard rates on their project reports for cost comparison purposes, yet have Payroll bill the employee's true hourly rate. Can this be done, and if so, how?

*This post is locked for comments

All responses (1)

Answers (0)

Carolyn Kolpien on at

Like (0)

Report

RE: Project Standard Costing and Payroll

Hi Jenny,

I think it’s the same answer as before. If the employee rate is picked up from the rate table, that will be the rate used to send the employee’s earnings to payroll, and also will be the amount that the labor account category will be updated in project controller. If you then want to update labor or maybe a different category like billable labor with a standard rate amount, you would use allocation processor to do that.

Let me know if we correctly understand your questions.