Labor Cost Entry (tpppc2531m000)
Use this session to display labor costs manually entered for a project.
This session shows the labor costs transaction that is not posted to Financials and the project history by the Process Transactions (tpppc4802m000) session.
Field Information
- Year/Period
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The year of the hours transaction.
- /
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The period in which the transaction must be posted to the project history for cost control.
- /
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The From and To fields define a range of: dates.
- /
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The From and To fields define a range of: dates.
- Normal Hours
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The number of hours spent during normal working hours.
- Employee
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The employee's code.
- Regular Working Hours
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The number of hours spent outside normal working hours and in excess of normal working totals.
- Sequence Number
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A number that identifies labor cost transactions in the project history.
- Project
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The project number.
- Task
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The labor's code.
This is the labor code for which the cost variance is registered.
- Element
- Activity
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Labor cost transactions can be performed on element level and/or activity level.
- Extension
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The code that identifies the extension.
- No. of Hours
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The number of hours the employee spent on the task. If the field changes, 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 of an employee (Employment), you are notified of this.
- Currency
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The currency.
This is the currency in which the cost is posted. For example, the project currency is the default currency.
- Cost Rate
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The cost rate for the transaction.
- Cost Amount
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The total costs. If you change the automatically generated cost amount, then the unit-cost rate is automatically adjusted.
- Currency
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The currency.
This is the currency in which the cost is posted. For example, the project currency the default.
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 Amount
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The total sales amount.
If you change the automatically generated sales amount, the value of the Sales Rate field is automatically adjusted, as follows: Sales Rate = Sales Amount / No. of Hours
- Registration Date
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The transaction's date (voucher date).
- Billable
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If this check box is selected, the transaction is allowed to be invoiced to the customer.
- Posting Type
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The entry type shows both the origin of the transaction and the accounts on which the transaction posted to Financials is based.
- Approved for Posting
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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 check box is cleared.
- Labor Type
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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) )
- Buy-from Business Partner
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The buy-from business partner linked to the labor cost.
- Invoice-from Business Partner
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The invoice-to business partner linked to the labor cost.
- Cost Component
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The cost component associated with the cost object.
Note: You can only specify a cost component for which the Component Type is set to Detail or Collect in the Cost Components (tcmcs0148m000) session.