Cost rate was incorrect on posted timesheets. How can this be fixed?
KB Article #:
48670
Summary:
Cost rate was incorrect on posted timesheets. How can this be fixed?
Description:
Cause:
Employee's cost rate was incorrect when time was posted.
 
Resolution:
Option #1:
  1. Enter the old Cost Rate in the Employee Info Center > Accounting tab.
  2. Enter timesheets from Transaction Center > Transaction Entry with negative hours. Post this.
  3. Correct the Cost Rate in the Employee Info Center > Accounting tab. Enter timesheets from Transaction Center > Transaction Entry with positive hours. Post this.
  4. This will fix the Labor Expense and the Job Cost Variance accounts.  
  5. For billing, the hours will show as positive and negative which can be Written Off in Interactive Billing.
  6. This will also correct the cost on the project reports as well.
Option #2:
In Transaction Center > Transaction Entry > Labor Adjustments.
Enter in the Employee, Date, Project and adjusted difference for the Regular Amount. Do not enter any hours. Just correct the Regular Amount.
Save and Post. 
 
Details  
 
To view full details, log in with your Deltek Support Center account.
Print