Project SIG Presents: Accounting for Raw & Burden Costs Separately when Implementing Total Burdened

When:  Mar 20, 2020 from 3:00 PM to 4:00 PM (ET)

Presented by:

Hahn Wendy Lamar
Tait Corporation
Project Partners

This presentation will review our use of Subledger Accounting to separate raw and burden costs in the General Ledger while implementing Total Burdened Costing in the Projects subledger to accommodate cost forecasting requirements. This presentation will include an example of results and the required configuration within Subledger Accounting to accomplish for one type of raw cost.

Presentation Objectives:
  • Explain the need for implementing total burdened costing when you are accounting for raw and burden separately and want to burden your forecast
  • Provide an example of the results specific to raw labor costs
  • Provide example configurations required to accomplish for raw labor costs

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Chris Kadi