Project cost accounting requires that all time be allocated to project or task levels for the purposes of project costing and billing. ScheduleSource TeamWork Time and Attendance fully supports the time allocation process, allowing the creation of unlimited projects and tasks. The tool is also used to assign cost codes to the various accrued time such as vacation, sick days, etc.
Robust reporting capability within the cost accounting system provides complete visibility into time allocations across all projects. This allows the accumulation of time by account or customer, allows for the timekeeping of subcontractors for review and audit by Accounts Payable, and provides a project management repository for aggregating billable time for submission to Accounts Receivable.
