Previous	Next		Contents	Index	Navigation	Glossary	Library

You define as many indirect projects as you need to record various indirect costs.

Suggestion: Use multiple tasks to organize distinct subcategories of an indirect cost source. For example, if you record employee time off costs in one project, you can define tasks such as Sick Hours, Vacation, and Paid Holidays.

When your employees fill out their weekly timecards, they specify, as applicable, the project and task that corresponds to the appropriate indirect cost.

For example, if an employee takes a sick day during the expenditure week, that employee's timecard displays the indirect project and task your business uses for time off hours, along with one or more additional projects and tasks on which the employee has worked.

The following examples illustrate how Fremont Corporation defined indirect projects for cost collection:

• Tracking Administrative Labor Costs

• Tracking Employee Time Off Costs

• Tracking Overtime and Premium Labor Costs

Note: In a multi-organization environment, projects are owned by an operating unit. You can define as many indirect projects as you need in each operating unit to record indirect costs.