Q: How do I report cost adjustments to previous periods?
Nov 14, 2016 3151 Print this page Download PDF Request support
When reporting direct costs at “Implementation > Reporting > Costs”, you can optionally flag the direct cost entry with Adjusted to Previous Periods (Ad) as cost adjustments to the previous period. Those costs marked as Adjusted to Previous Periods (Ad) will be accounted in a separate sheet in the Financial Statement export and in a separate table in the Periodic Report export.
To report Adjustments in Indirect Costs, select the correct reporting period, scroll down to the panel “Indirect costs (Adjustments)”, enter a description (optional) and the amount(s) per Activity Area.