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.
License code - Project I
Configuration code - Hour
How the account is applied
A transaction type of can be applied to , , , and projects. When the account is applied, a statement type is created.
Project group - The field on the tab must be set to or .
Actions and effects
- The account is credited when hour journals are posted.
- The account is credited when the transaction ledger status is .
- The account is credited when transactions are moved from transaction ledger status to or . The account is debited when transactions are moved from transaction ledger status or to .