1. Others
  2. Government Contracting
  3. Process month- and year-end

Calculate actual rates

This process explains the actual rate calculation. Actual rates are calculated based on real system data and indirect cost plan formulas. These actual rates give an updated view of projects in terms of all types of costs.


Accounting manager Accounting manager Oversees various portions of the accounting processes and team members. Start Start Calculate actual rates Calculate actual rates You can calculate actual rates based on real system data and indirect cost plan formulas. These actual rates give an updated view of projects in terms of all types of costs. You can calculate one indirect cost plan at a time. Procedure 1. Go to General ledger > Inquiries and reports > Government contracting > Indirect cost rate history. 2. Click Calculate actual rate. 3. In the Indirect cost plan field, enter or select a value. 4. In the To date field, enter a date. 5. In the Calculation type field, select an option. 6. Click OK. Review actual rates Review actual rates When the actual rates have been calculated, you can review these values. You can view:The values currently in the general ledgerThe formulas from the indirect cost planResults of the calculations. Procedure 1. Go to General ledger > Inquiries and reports > Government contracting > Indirect cost rate history. 2. In the list, find and select the desired record. 3. Click Actual rate calculation. End End

Activities

Name Responsible Description

Calculate actual rates

Accounting manager

You can calculate actual rates based on real system data and indirect cost plan formulas. These actual rates give an updated view of projects in terms of all types of costs. You can calculate one indirect cost plan at a time.

Review actual rates

Accounting manager

When the actual rates have been calculated, you can review these values. You can view:

  • The values currently in the general ledger
  • The formulas from the indirect cost plan
  • Results of the calculations.

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