Larbor broker Accounts

Deltek Vantagepoint Account Type

Deltek Vantagepoint offers various types of accounts tailored to meet the needs of businesses in managing their labor postings and accounting. The primary account types include labor type accounts, which are essential for tracking direct and indirect labor costs associated with different projects. Users can set up accounts for different labor posting types, ensuring accurate financial reporting and project management.

Deltek Vantagepoint Broker Account Opening Process

To open a labor type account in Deltek Vantagepoint, follow these steps:

• Access Settings: In the navigation pane, select Settings > Accounting > Labor Posting.

• Add Labor Account: In the labor accounts grid of the labor posting form, click on + Add Labor Account.

• Select Labor Posting Type: In the labor posting type field, choose the labor posting type you wish to associate with the direct and indirect labor accounts.

• Choose Direct Account: In the direct account field, select the direct labor account to use when employees with this labor posting type post time to a regular project.

• Choose Indirect Account: In the indirect account field, select the indirect labor account for when employees with this labor posting type post time to an overhead or promotional project.

• Save Changes: Click Save to finalize the setup.

By following these steps, users can efficiently establish labor type accounts that align with their organizational needs, facilitating better financial management and reporting. For more detailed instructions, visit the Deltek Help Center.