Period Reprocessing

Period Reprocessing provides the option to re-process periods without the Step 1 initial import for QuickBooks.

Step 1 is the import from QuickBooks which is required the first time run a period but only required in re-processing if something has changed in QuickBooks. This step requires a connection to QuickBooks and can not be completed from eFAACT Central.

Step 2 performs all labor and expense calculations and identifies which contracts are invoiced for the selected period(s). The default contract selection is based on the contract’s invoice cycle which establishes the invoice schedule. Contracts without an invoice cycle will display if they have billable cost in the selected period. Detail cost and revenue reports are available for review after this step.

Step 3 finalizes the period to build the invoices and contract cumulative summaries. This is the final required step.

Period processing options are listed at the far right of the page. The boxes start out as checked which ensures re-processing will recognize the settings in place when the period was previously processed. When re-processing due to any of the scenarios listed below, uncheck the appropriate setting to instruct eFAACT to use the current setting value.

•A change in a contract’s invoice level,

•A change to an employee’s cost center, or

•A change to indirect rates