Transactions Tab Accounts Receivable>PA Bill Review

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Overview

The Transactions tab is used by project accountants to perform time and expense modifications on a project-by-project basis prior to invoicing.


 

Key Concepts

•When all adjustments have been made, the project should be marked as reviewed. This helps the project accountant know what has been completed.
•To see Transactions for a specific project, click on the project in the Filter Window.
•When selected, the Transactions Tab displays the transactions entered against the project.
•The PA can then make bill and journal adjustments.
•Columns in the detail grid can be dragged to change order.

 

Field Descriptions

Arrange By

•Arrange By - The drop-down allows you to select different ways in which you would like to see the Transaction detail grouped. The options are Journal, Project Path, Bill Status, Transaction Date and None.

 

Transactions Grid

•JN - Journal. By clicking on the pencil icon, you get the Invoice Billing Adjustment pop-up. This allows you to modify individual transactions. More on the Invoice Billing Pop-up

Note - When changes are made here, no audit trail entry is made.

•ID - Identification number of the transaction. By clicking on the pencil icon, you get redirected to the location of the transaction (ie. Time sheet Adjustments or Journal).
•S - Bill Status. This shows the Bill Status of the transaction.
•Project Path - Project Path of the transaction.
•Name - Name of the Project Manager assigned to the project.
•Labor/Exp. Code - Displays the Labor Code for Labor and Expense Code for Expenses. More on Labor Codes More on Expense Codes
•Transaction Date - Date of the Transaction.
•Bill Rate/MU - Displays the Bill Rate for Labor and the Marked Up rate for Expenses.
•Units/Hrs - Displays the Hours for Labor and Units for Expenses.
•Amount - Amount of the Transaction
•Time/Expense Comments - Displays the PM Comments entered on the transaction.
•Instructions To Biller - These are internal notes intended for the Project Accountant. As the invoicing period is changed, the comments are saved, however, they are blank for the new period.
•ICC Amount - ICC Effort Amount. Enabled at Global Settings>A/R Tab>PA/PM Bill Review Settings
•Never Bill - Never Bill Amount. Enabled at Global Settings>A/R Tab>PA/PM Bill Review Settings
•Writeoff - Writeoff Amount. Enabled at Global Settings>A/R Tab>PA/PM Bill Review Settings

 

Additional Field Descriptions (Column Chooser)

Transactions Grid

•Project Name - Name of the Project
•Project Long Name - Name of the project including the concatenation of the lower nodes of the project.
•Job Code - Job Title Code - More on Job Titles
•Job Name - Job Title Name
•Labor/Exp. Name - Displays the Labor Name for Labor and Expense Name for Expenses
•OT - Overtime