Resource time entries

You can use resource time entries to specify hours or other units by resource. The transaction amount is calculated by multiplying the units specified by the cost for the resource. Resources are employees, vendors, assets, AC persons, or equipment. You must assign resources to activities to use resource time entries.

See Define resources.

You can post resource time entries to Project Accounting only, or to both Project Accounting and General Ledger. When you post a resource time entry to General Ledger, you define a single company, accounting unit, account, and subaccount to offset with the net entry amount.

Example 1

Moose Wood Outfitters must record the number of hours each employee works on new store projects, but they do not use the Lawson Payroll application. They have set up all employees as resources in Project Accounting and assigned hours as the unit of measure. They have also specified a standard cost for each employee so that Project Accounting can automatically calculate the cost for a resource time entry.

Example 2

LGE Corporation must submit copies of patient records to the sponsor of the drug research study. LGE staff uses copiers that LGE Corporation has defined as assets in the Asset Management application. They use a resource time entry to track the number of copies made. They specify the asset resource and the number of copies on the transaction line of the entry and the application automatically calculates transaction amount.