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:

  • Allocating payroll costs, like salary and fringe benefits, to programs or functional areas that benefit

  • 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

Setting Up Employee Pay Types

(Optional) Create new employee pay frequencies

Creating Employee Pay Frequency

Set up labor expense allocation preferences

Setting Up Labor Expense Allocation Preferences

Set up employee rates:

  • Set up expense allocation accounts.

  • Set up employee pay types.

Creating Employee Rates

Manage labor expense allocation periods

Managing Labor Expense Allocation Periods

Fetch employee timesheets

Fetching an Employee Timesheet

Process labor expense allocation period

Processing Labor Expense Allocation Periods

Review and approve labor expense allocation transactions

Approving Labor Expense Allocation Transactions

Review GL impact

Approving Labor Expense Allocation Transactions

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

Creating Employee Pay Frequency

Set up labor expense allocation preferences

Setting Up Labor Expense Allocation Preferences

Create employee pay transactions

Creating Employee Pay Transactions

Manage labor expense allocation periods

Managing Labor Expense Allocation Periods

Fetch employee timesheets

Fetching an Employee Timesheet

Process labor expense allocation period

Processing Labor Expense Allocation Periods

Review and approve labor expense allocation transactions

Approving Labor Expense Allocation Transactions

Review GL impact

Approving Labor Expense Allocation Transactions

Related Topics

General Notices