Project costing module calculates COSTS for expenditure items which are not yet COSTED. For example the timesheets transferred from OTL module are interfaced sun-costed expenditure items. The costs for those timesheets are yet to be calculated.

Cost can be derived by the use of cost rates setup against the project. Cost rates can be setup against a specific organization, Job or an EMPLOYEE.

For example: if 8 hours is worked on a project in a day and the cost rate for the timesheets employee is 100 usd / hour. Then the cost of that employee on that day is 8 X 100 = 800 USD.

There can be additional costs associated with a project.

For example: to perform the 8 hours of work on that day, an employee might have used additional resources such as internet, telephone, electricity etc. These costs are called as indirect costs or burdened costs.

Project costing module calculates costs for expenditure items which are not yet costed. For example the timesheets transferred from OTL module are interfaced sun-costed expenditure items. The costs for those timesheets are yet to be calculated.

Cost can be derived by the use of cost rates setup against the project. Cost rates can be setup against a specific organization, Job or an employee.

For example: if 8 hours is worked on a project in a day and the cost rate for the timesheets employee is 100 usd / hour. Then the cost of that employee on that day is 8 x 100 = 800 USD.

There can be additional costs associated with a project.

For example: to perform the 8 hours of work on that day, an employee might have used additional resources such as internet, telephone, electricity etc. These costs are called as indirect costs or burdened costs.