Labor Expense Allocation
You can use the Labor Expense Allocation SuiteApp to allocate payroll costs to target programs or functional areas that benefit.
Most organizations need to classify all expenses into functional areas, since they’re key to financial management and reporting.
In most organizations, employees often work on tasks in different functional areas. So, salary expenses need to reflect the functional areas where employees worked.
With the Labor Expense Allocation SuiteApp, you can allocate labor expenses by employee rates or pay transactions. With employee rates, you set the rates to calculate labor expense allocation. With employee pay transactions, you create pay transactions and use them for labor expense allocation.
Benefits of Using Labor Expense Allocation
The key benefits of using the Labor Expense Allocation SuiteApp include:
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Allocating payroll costs, like salary and fringe benefits, to programs or functional areas that benefit
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Viewing and reporting on total direct costs
Labor Expense Allocation Tasks by Roles
The following diagram illustrates the tasks performed by different roles in the Labor Expense Allocation SuiteApp using employee rates:
The following diagram illustrates the tasks performed by different roles in the Labor Expense Allocation SuiteApp using employee pay transactions:
Labor Expense Allocation Workflows Using Employee Rates
The following is the general workflow for using the Labor Expense Allocation SuiteApp using employee rates:
Refer to the following table for more information about the workflow tasks:
Task |
Help Topic |
---|---|
Create employee pay types |
|
(Optional) Create new employee pay frequencies |
|
Set up labor expense allocation preferences |
|
Set up employee rates:
|
|
Manage labor expense allocation periods |
|
Fetch employee timesheets |
|
Process labor expense allocation period |
|
Review and approve labor expense allocation transactions |
|
Review GL impact |
Labor Expense Allocation Workflows Using Employee Pay Transactions
The following is the general workflow for using the Labor Expense Allocation SuiteApp using employee pay transactions:
Refer to the following table for more information about the workflow tasks:
Task |
Help Topic |
---|---|
(Optional) Create new employee pay frequencies |
|
Set up labor expense allocation preferences |
|
Create employee pay transactions |
|
Manage labor expense allocation periods |
|
Fetch employee timesheets |
|
Process labor expense allocation period |
|
Review and approve labor expense allocation transactions |
|
Review GL impact |