Both loaded-labor formulas and cost-types formulas are transaction-based. This makes the transition easier than most other revenue modifications. You do not need to recompute burden cost when changing from a loaded-labor formula to a cost-type formula. Cost Plus type formulas are year-to-date formulas. Therefore, if you make the modification in the current period and forward only, Costpoint makes a year-to-date adjustment in the current period. The allowable burden and fee columns are populated with amounts for the entire year. The labor lines have amounts in the markup columns that represent the difference between labor revenue computed using the former loaded-labor method and labor revenue computed under the cost-plus method.
If you restate all the periods of the fiscal year with the new revenue formula, there is no evidence in the PROJ_SUM table that the project was ever a loaded labor type.
To make the modification, follow these steps:
Manually calculate the inception-to-date revenue under the new method.
Modify the revenue formula. When you enter the new revenue formula, Costpoint displays a message stating that, if you modify the revenue formula, all of the allowable columns for the current fiscal year are deleted. Click Yes if you are changing the revenue for the entire fiscal year. If you do not click Yes, the revenue formula is not modified.
Calculate revenue for the current period only or all the periods of the fiscal year.
Follow closing procedures to update tables.
Analyze the revenue using the new formula.