Clarity

  • 1.  How to Change Cost Type on WIP?

    Posted Aug 19, 2016 10:29 AM

    On some posted timesheets, the Charge Code and Cost Type are incorrect.  I know I can Create a WIP Adjustment and correct the charge code but the Cost Type remains the same.  Has anyone found a way to correct the cost type?



  • 2.  Re: How to Change Cost Type on WIP?
    Best Answer

    Broadcom Employee
    Posted Aug 22, 2016 02:55 AM

    Hi Mindy,

    WIP adjustments should NOT be done for tiimesheet transactions, only timesheet adjustment should be done. WIP adjustment on timesheets can mess up your actual cost and you will see data discrepancy across different portlets.

     

    Now to answer your question about changing the cost type - Cost Types are dependent on the task against which the actuals are entered. So if you want to change the cost type of a timesheet transaction, the first step would be to change the cost type of the Task against which the actuals are logged against. Then adjust the timesheet. But there is a catch here - since your requirement is only to change the cost type and not the actual hours, adjusting the timesheet will not generate any new transactions. So you will have to update some value like User Value 1 or 2 and then resubmit the adjusted timesheet. Once all the jobs have caught up, the timesheet will flow into WIP with the new cost type.

     

    To change the Charge code - Adjust the timesheet and you should have an oiption in the timesheet page itself to select the desired charge code. Select it and submit and it will populate new transactions with new charge code.

     

    In case you want to change both charge code and Cost Type for one timesheet, then you dont need to update the User Value 1/2 because change in charge code will force the system to create new trasnsactions.

     

    Hope this helps.

     

    Thanks,

    Jerin



  • 3.  Re: How to Change Cost Type on WIP?

    Broadcom Employee
    Posted Aug 22, 2016 07:46 PM

    Hi Mindy,

    If the above explanation helps in answering you query, please mark it as answered which will help in closing the loop and would be helpful for the fellow community members.

     

    Thanks,

    Jerin



  • 4.  Re: How to Change Cost Type on WIP?

    Broadcom Employee
    Posted Aug 26, 2016 03:55 PM


  • 5.  Re: How to Change Cost Type on WIP?

    Broadcom Employee
    Posted Apr 25, 2019 10:15 AM

    Note:  If the only thing incorrect is the Cost Type, do not adjust timesheets.

    The best way to fix these is to do a WIP Adjustment.

    Make sure the Task has the correct cost type, then just do a WIP Adjustment without making any changes to it.  Approve the WIP Adjustment and now the new transaction will have the correct cost type.

     

    Reference:  Can we make Cost Types WIP Adjustments?