Community Tips

What is Total Time Accounting, or Total Time Reporting?

Labor cost is an important element of project cost accounting, not only for the professional services industry, but for manufacturing and other industries. The US government requires that cost be allocated fairly and equitably across a company's various cost objectives, in reasonable proportion to the benefit accruing to them. A
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Sales Contracts With Funding Limits or Ceilings

Sales contracts that have funding limits are common in professional services firms and government contractors. Entering funding limits and reducing the overall billing to those funding limits is the desired ERP and accounting system behavior.  These types of contracts are typically called time and material or cost plus.  SAP can
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