Precipio Services - Microsoft Dynamics GP

Project Accounting Timesheet Recalc

The Project Accounting Timesheet Recalc utility recalculates Project Accounting timesheet unit costs for salaried employees to ensure that the total timesheet cost accurately reflects the employee's salary for the pay period rather than the standard unit cost multiplied by the number of hours.

Timesheet Recalc updates project timesheets with the correct cost for the salaried employee, even if they work more or less than the standard hours for the pay period. This ensures that the timesheet costs posted to the General Ledger will reconcile to the actual Payroll expenses to be posted when the payroll checks are processed.

Timesheet distributions are also recalculated properly, regardless of PA account setup and the timesheet distributions.

Is the Project Accounting Timesheet Recalc Utility for You?

Do you:

Use Dynamics GP Project Accounting Timesheets?
Have salaried employees entering PA timesheets?
Have salaried employees with a variable number of project hours per week?
Need your project accounting labor costs to be accurate?
Want your project labor costs for employees to tie to your payroll?
Waste time manually adjusting PA timesheets to reflect actual employee labor costs?

Benefits

Utilizes standard Project Accounting functionality
Processes timesheet batch or single timesheet
Version 2: Processes multiple employee timesheets per pay period
Accurately calculates costs for salaried employees on projects
Allows PA timesheets to book correct salary costs to project and GL
Ensures project timesheet costs match payroll costs
Eliminates manual recalculation of timesheets
Properly handles rounding issues for the timesheet, lines, and distributions
Handles both fixed and percentage overhead costs
Recalculates timesheet distributions regardless of PA account setup
Processes each timesheet in a fraction of a second (~150 timesheets per minute)

Version 2 Released

PA Timesheet Recalc Version 2 can now recalculate unit costs for employees who submit multiple timesheets for each pay period. The Project Timesheets can be saved in multiple batches and the employee's time for the pay period can be spread across multiple timesheets.

If employees submit separate timesheets by day, or by project for approval purposes, PA Timesheet Recalc can now recalculate the timesheet costs by employee for the pay period.

PA Timesheet Recalc Video Demo