| # Labor Costs (tpppc2131s000) Use this session to maintain the labor costs manually entered for a project. Related topics To use home currencies in Project To use posting types Year/Period The year in which the period occurs. / The period number. / The start date of the period . / The end date of the period. Employee The employee number. Seq. The sequence number code. Project The project code. Description The description or name of the code. Status The project status. Element The element code. Description The description or name of the code. Status The work authorization status of the element. Activity The activity code. Description The description or name of the code. Status The work authorization status of the activity. Labor The labor code. Labor The description or name of the code. Extension The extension code. Description The description or name of the code. Status The status of the extension. Cost Component The cost component code. Description The description or name of the code. Labor Type If you change the value of this field, the cost rate is recalculated on the basis of the new surcharge percentage. The formula is: New Cost Rate = Old Cost Rate * ( 1 + (Surcharge Percentage/100) ) No. of Hours The number of hours the employee spent on the task. If you change the field, the Cost Amount field and the Sales Amount field are recalculated, as will the total amount of hours in this period. If the total amount of hours in this period exceeds the regular working hours (Employment), a message pops up. Cost Rate currency Cost Rate The hourly labor cost rate. By default, the value of this field is the cost rate determined by the Determine Monitoring Labor Rate method. Note If you change the value of this field, the cost amount is recalculated, as follows: Cost Amount = Number of Hours * Cost Rate Cost Amount The total costs. If you change the generated cost amount, the unit-cost rate is automatically adjusted. Rate/Rate Factor home currency Rate/Rate Factor home currency Rate/Rate Factor The currency rate. Rate/Rate Factor The rate factor. Registration Date The registration date must be between the period given in the Year/Period field. Cost Control Period The year in which the transaction must be posted to the project history for cost control. The default value of this field is the year the cost-control period was entered. / The period in which the transaction must be posted to the project history for cost control. The default value of this field is the cost-control periods of the input date. An empty Cost Control Period field is automatically filled with the (imported) cost year. Enterprise Unit The enterprise unit that is responsible for the delivery that is specified on the transaction line. The enterprise unit can differ from the enterprise unit to which the project is linked because of the possibility of intercompany transactions. Fiscal Period The fiscal year in which the transaction is posted to Financials. Note The default value for this field is the current fiscal year. / The fiscal period in which the transaction has been posted to Financials. Note The default value for this field is the current fiscal period. If the Financials (TF) check box in the Implemented Software Components (tccom0100s000) session is selected, the status of the fiscal period must be Open. Document The document code. Sales Rate The cost rate currency. Note The contract line (CLIN) currency is the default currency used for the cost plus invoice lines. The sales amount on the billable cost lines is calculated based on the CLIN currency using the sales rate defined for the contract lines. Sales Rate The hourly labor sales rate. By default, the value for this field is the sales rate determined by the Determine Monitoring Labor Rate method. If you overwrite the default value, you can recalculate that value. Sales Amount The total sales amount. If you change the generated sales amount, the value of the Sales Rate field is automatically adjusted, as follows: Sales Rate = Sales Amount / Number of Hours Billable If this check box is selected, the transaction is allowed to be invoiced to the customer. Note By default, this check box is selected if the Invoice Type field in the Project (tppdm6100m000) session is set to Cost Plus and the Invoice Calculation Method field in the Extension (tpptc0110s000) session is set to Actual Costs. Rate/Rate Factor home currency Rate/Rate Factor home currency Rate/Rate Factor The currency rate to convert the transaction currency to the home currency that is displayed. Rate/Rate Factor The rate factor. Posting Type The entry type shows both the origin of the transaction and the accounts on which the transaction posted to Financials is based. Hrs.Seq.No. The sequence number. Transaction Time The time at which the transaction was created. Login The logon code of the person who creates the transaction. Settlement Origin If this check box is selected, the transaction has been posted as the outcome of a fluctuation settlement. This transaction cannot be included in cost control. Post to BAAN Finance Indicates whether the transaction must be posted to Financials. This field automatically gets the value of the Financials (TF) check box in the Implemented Software Components (tccom0100s000) session. Approved for Posting If this check box is selected, the transaction can be processed in Financials and/or in the project history of Project. If errors are found that block the posting process, this field is cleared. Text If this check box is selected, a text is present. |