Labor Transaction Extensions
Labor transaction extensions allow you to create additional transactions for individual labor items charged to projects. For example, you may wish to create additional transactions for hazardous work performed for every labor transaction charged to certain projects. Here are some other examples of labor transactions extensions you can implement:
- Create overtime premium transactions for overtime hours based on company overtime policies
- Create fringe benefit transactions which are charged to the same project the source labor was charged to
You can create additional transactions for straight time labor transactions and overtime labor transactions. You create additional labor transactions based on the source labor transactions that you enter on timecards.
Related Transactions
Additional transactions that are created for labor transactions are referred to as related transactions. All related transactions are associated with a source transaction and are attached to the expenditure item ID of the source transaction. You can identify and process the related transactions by referring to the expenditure item ID of the source transaction.
You create related transactions to process a raw cost amount separately than the source transaction raw cost amount. Related transactions can be burdened, billed, and accounted for independently of the source transaction.
Processing
Oracle Projects processes labor transaction extensions during labor cost distribution. When you distribute labor costs, the labor transaction extension is processed after the raw cost calculation of the source transactions. This allows you to derive the cost of the related transaction from the cost of the source transaction.
You also use the labor transaction extension to calculate new cost amounts for related transactions if the source transaction is recosted.
If you are using the Labor Transaction Extension to create overtime premium transactions, you may not need to use the Overtime Calculation program that Oracle Projects provides. If you determine that you need to use both the Labor Transaction Extension and the Overtime Calculation program, you need to ensure that you have defined conditions so that each transaction is processed by only one of these processes, based on your company policies.
See Also
Distributing Labor Costs
Tracking Overtime and Premium Labor Costs
Adjustments to Related Transactions
