This overview describes how and where a payroll allocation account is applied to a profit and loss account, and it describes what parameter setup is required.

Availability

License code - Project I
Configuration code - Hour

How the account is applied

A transaction type of Hourcan be applied to Time and material, Fixed-price, Cost, and Investmentprojects. When the account is applied, a Payrollstatement type is created.

Parameter dependencies

Project group - The Post costs - Hourfield on the Ledgertab must be set to Profit and lossor Balance.

Actions and effects

Post journal- The account is credited when hour journals are posted.
Diagnosing only- The account is credited when the transaction ledger status is No ledger.
Post costs- The account is credited when transactions are moved from transaction ledger status No ledgerto Profit and lossor Balance. The account is debited when transactions are moved from transaction ledger status Profit and lossor Balanceto No ledger.

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