Interoffice Time Report

What is the Interoffice Time Report?

The Interoffice Time Report is a specialized financial report within the General Ledger suite. It captures and aligns employee time spent on jobs against their respective offices and the originating job office, ensuring accurate interoffice accounting and profitability tracking.

Why does it matter?

The significance of the Interoffice Time Report lies in its ability to provide transparency and accuracy in the following areas:

• Salary Allocation: Ensures accurate salary allocations for true client profitability, especially when employees contribute to projects beyond their home office.
• Cost Management: Aids in the management of labor costs by tracking interoffice work and ensuring correct billing.
• Financial Reporting: Supports financial reporting by providing detailed insights into the labor costs associated with cross-office collaborations.

How does it work?

To create the Interoffice Time Report, follow these steps:

1. Navigate to Accounting > General Ledger > General Ledger Reports.
2. Click on the Client Profitability Reports Dropdown, and select Interoffice Time Reports hyperlink
3. Date Type: This dropdown allows you to select the basis for the date range of the report, such as Timesheet Date.
4. Date Range: Select appropriate From and To dates to define the reporting period.

5. Report Type:

   • Summary: Provides a high-level overview of the interoffice time allocation.

   • Detail: Offers an in-depth look at the individual entries and detailed data.

6. Cost Rates: Choose how the report calculates cost rates.

   • Time Entry Cost Rates: Utilizes the cost rates at the time of each entry.
   • Employee Current Cost Rates: Applies the current standard cost rates for employees.

7. Employee Offices Filter:

   • Select the office(s) of the employees whose time you want to report on.
   • The filter may include or exclude inactive employee offices by checking the relevant box.

8. Job Offices Filter:

   • Choose the office(s) for which the job is allocated to filter the report by the office responsible for the job.

9. Employees Filter:

   • If needed, specify individual employees to narrow down the report to certain personnel.
10. Output: Click on EXCEL, EXPORT, or PREVIEW to generate the report in the desired format.