Accruals
- Former user (Deleted)
To ensure accuracy of Costs to Cut Off, Workbench has brought in a special Job Cost Accrual that relates only to the Weekly Progress reporting.
The Job Cost Accrual needs to be a reversing accrual, and is an 'accounting' accrual which really does not need to cloud the overall cost view of the job from the perspective of the Project Manager. It is therefore proposed that these accruals will not be Job Adjustment transactions, but a new Transaction Type of Cost Accrual and will be kept in a separate JobCostAccruals table. They will be used only in the Weekly Reporting process.
These accruals will be used for all transaction types, so there will be Accrual Types of:
- Time
- Plant
- Subcontracts
- AP Invoices
- Stock
- Disbursements
It is assumed that they will always be reversed, and hence during the creation of these transactions the reversing entry will be created at the same time. The default Reversal Date will be the Cost Accrual Transaction Date + 7 days. These reversal entries are listed at the top of the 'next week' screen.