R12 : Projects : Labor Cost
When an employee enters time on a specific project it is known as charging efforts of the employee on the project for a given time frame. This time further has some cost defined to calculate the actual cost incurred by the employees on the project. The calculation process of the raw cost for such labor/time entered is called as Labor Cost. The time can be entered via a third party tool or via the PA pre approved batch.
Article Credit : Neeta Sehlar
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