Profit and loss

Costs of hours are debited to the cost account and credited to the payroll allocation account when the journal is posted. This option is mandatory on fixed-price projects, investment projects, and cost projects. When this option is selected, revenue can be accrued on the hour transaction.

For more information, see About costand About payroll allocation.

Balance

Hours are debited to the cost value account and credited to the payroll allocation account when the journal is posted. Optional for internal projects and time and material projects. For more information, see About WIP cost value accountsand About payroll allocation.

No ledger

No posting on ledger accounts when hours are posted from journals. Upon invoicing hours are debited to the cost account and credited to the payroll allocation account. This option is optional on time and material projects and internal projects. For more information, see About costand About payroll allocation.

Never ledger

No posting on ledger accounts when hours are posted from journals. This option is mandatory on Time projects and optional on time and material projects and internal projects. When this option is selected, revenue can be accrued on the hour transaction. Hour transactions are never posted to Ledger accounts, on journal posting ( Post costs), or upon invoicing. Therefore, ledger transactions are not created.