Timesheet – How to Adjust Cost Rates
This article will explain how to adjust timesheet cost rates.
**This function should only be available to KeyedIn Administrators or specific designated users and must be used with care”
The ‘Adjust Costs’ functionality can be used to adjust timesheet costs that have been approved/submitted.
Permissions:
To use the ‘Adjust Costs’ feature it will require a permission to be enabled under the Login Profile.
In the Login Profile screen click on the ‘Setup’ tab and within here enable ‘Cost’:
Once the changes have been made, click on Save and Close.
Logout and log back into KeyedIn to apply the change.
‘Adjust Costs’ will appear in the admin menu under the Financial section
Adjusting Costs:
In this scenario the user has been assigned a new cost rate, the change was made for the start of the new year however there are now timesheets entered in the month of January showing the previous cost rate so therefore these timesheets need updating to the new cost rate from 1st January onwards.
The rate will be adjusted using the ‘Adjust Cost’ functionality.
In the Admin Menu select ‘Adjust Costs’
The following screen will be presented.
The ‘General’ tab shows the following options:
