Retrospective costing lets you amend the costing for an employee after the payroll has been calculated. It allows you to redistribute the cost analysis breakdown for an item amount. You can also enter costs where these do not affect the pay calculation.
The typical situation is an employee who is paid a salary and then has the hours they worked on individual contracts entered after calculating (and quite possibly payment). Other amounts like the net pay which are posted to the Financials modules can then be prorated across these hours so you can get an effective allocation to each contract the employee worked on.
There must be an open, unposted costing batch. To amend the costing after the payroll costing has been posted, first create an adjustment batch;
To amend payroll costing
Go to Retrospective Costing or Secure Retrospective Costing.
Secure retrospective costing is the same as retrospective costing, except that you may not have permission to see or update some items.
The Year and Period default in; change them if you want to amend the costing for a different period.
Enter the Employee ID.
Click Next (
).Click Open (
) on a line to open a costing item record.All the costing split data for that item becomes available for update.
Change the costing as required. You can add or delete costing lines.
When you have finished, click Save (
).
Configuration – Secure Retrospective costing
P0/SECURE-D
Timesheet Items to Display (CAN-DO)
A can-do list of timesheet items you wish to display in Secure Employee Timesheet Entry.
This allows you to give access to timesheet entry without giving access to all the detail.
P0/SECURE-U
Timesheet Items to Update (CAN-DO)
A can-do list of timesheet items you wish to allow users to update in Secure Employee Timesheet Entry.
This allows you to give access to timesheet entry without giving access to confidential details.