View net expenses

Open the Ledger view

This feature requires that Service Demand Planning or Project Financial Planning be enabled. See Edit the Company Profile.

NOTE: If you also enable Labor Activity Planning, the Ledger page for projects has been removed since you can see all indirect and direct labor costs in the Summary tab, and enter labor allocations in the Allocations tab. See Early Access feature: Labor Activity Planning.

1. In the plan menus at the top right, select a plan, a Cost Object category, and a cost object or cost object group.

   Learn more about navigating in Planning

   To view all projects, skip the last part of this step.

2. Navigate to Planning > Ledger. The table is grouped by the Transaction Type in order to view direct expenses and indirect expenses.

   The Ledger view, when set to the All Departments level, contains the following fields:

   Field	Type	Description	Required
   Transaction type	Lookup	A categorization of expenses. The values can be direct (costs that have been planned and directly entered), indirect, or Charges (charges internal revenue received from other Cost Objects due to usage. The total internal revenue is the quantity consumed times r).	Yes
   Cost Center	Lookup	The Cost Object corresponding to the Cost Center.	Yes
   Cost Object	Lookup	The unique identifier per Cost Object, organized across tabs that correspond to each Cost Object type (Departments, Projects, and Services). The Cost Object reference data itself may be organized into hierarchical relationships between Departments, Services, and Projects.	Yes
   Provider	Label	The name of the specific Cost Object that will supply the service or project from another Cost Object.	No
   Consumer	Label	The name of the specific Cost object that will receive the service or project from another Cost Object.	No
   Account	Lookup	The GL account code to which your expense is mapped.	Yes
   Account: expense type	Label	The possible values are either OpEx or CapEx.	Yes
   Location	Label	The available values for Location are derived from reference data that has been previously defined. The Location is associated with the ledger's line item.	No
   Description	Label	A free-form field in which you can enter whatever additional information you wish about the item.	No
   Comment	Label	A free-form field in which you can enter whatever additional information you wish about the item.	No
   Currency	Lookup	The line-item currency code. This field is required if multi-currency is enabled. See Support for multiple currencies.	No
   From project	Label	The project from which the delegated costs originates.	No
   Start Date	Date	Specifies when the Cost Object will incur the cost of that expense.	No
   Period Quantity	Numeric	The time periods (months, quarters, and years) that show the expected spend for that expense item.	No
   Vendor	Label	The available values for Vendor are derived from reference data that has been previously defined. The Vendor is associated with the ledger's line item.	No
   From Project Cost Center	Lookup	The Cost Center delegating costs to the respective department.	No

TIPS:

• After you set the unit cost, you can choose to group by CapEx and OpEx using the Account Expense column. In this case, OpEx values will reflect the unit cost computation.
• If cost generation for service or labor volumes for actual periods is enabled, then charges and indirect costs appear in actuals periods for services and labor volumes entered in these months (see Edit the Company Profile).
• If Project Financial Planning is enabled, Project Owners can delegate project costs. Delegated costs give Project Owners the flexibility to record expenses in the project but specify departments responsible for paying future costs (see Edit the Company Profile and Delegate project costs).

Publish financials to Costing Standard

Publish your direct and indirect costs to Costing Standard. You will need to set up the planning application to import from or publish to Costing Standard. See Integrate with Cost Transparency

1. In the plan menus at the top right, select a plan, a Cost Object category, and a cost object or cost object group.

   Learn more about navigating in Planning

   To view all projects, skip the last part of this step.

2. Navigate to Planning > Ledger.
3. Select Actions on the upper-right of the page and select Publish to Costing Standard.