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Automatic Product Receipt generation in PO Contractors once the Timesheet is posted
Contractors for projects will submit their timesheets and once they are approved and posted, a receipt will be automatically generated in the PO related to that particular contractor. Then, when the invoice comes in, there will be a matching between the time that has been approved for that contractor and the invoice that the business receive for that service. Therefore, there the invoice will match not only the product receipts accrued but also the time that has been approved, and the costs will be allocated to each project precisely. Additionally, if the contractor rate is set as zero, the timesheet will not create any entry in ledger and project, so the cost will be allocated only once with the invoice, avoiding the cost duplication.