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#337 Cost Summary
Function
The Cost Summary Report is the most popular supplement for reporting to program managers, and for meeting various funding source requirements. This report provides the detail behind all transactions appearing on the Revenue & Expenditure Report. This detail includes individual Timesheet charges, allocated Leave, allocated Fringe Benefits, allocated Indirect Costs, all other allocations, and all direct charges. All information is presented in one format, eliminating the need for multiple reports to gather complete detail behind your organization’s Revenue & Expenditure Reports.
Things You Should Know
Operating Instructions
Report: Select whether you want the report to be prepared on a Monthly or Year to Date basis.
Period: Select the desired period for which this report is to be prepared.
If you select Year to Date Cost Summary, the “From” field will appear with the beginning date of your organization’s fiscal year. This date cannot be changed. You may then select the “To” date for your report.
If you select Monthly Cost Summary, please select the Month for which you wish this report to be prepared.
List Box: Select the Elements or Projects you wish to include on the report.
Additional Information: If this option is selected, the first line of description from Vouchers, the description entered in Accounts Receivable, Cash Receipts, Employee Expense Reimbursements and the vendor name for any ACH Debit GJ entries will appear on the report.
Page break between elements: This option will begin each new Element on a separate page.
Include All GL Codes: If you want to select specific GL codes to include on the report, uncheck this check box and click on the desired GL codes.
Include Net Zero Transactions: If you want to list the net zero transactions, put a check in this check box.
Print: This will display the report with the option to print or export.
The Cost Summary Report is the most popular supplement for reporting to program managers, and for meeting various funding source requirements. This report provides the detail behind all transactions appearing on the Revenue & Expenditure Report. This detail includes individual Timesheet charges, allocated Leave, allocated Fringe Benefits, allocated Indirect Costs, all other allocations, and all direct charges. All information is presented in one format, eliminating the need for multiple reports to gather complete detail behind your organization’s Revenue & Expenditure Reports.
Things You Should Know
- Allocated amounts appearing on this report are the result of the most recent calculations of the Cost Allocation steps of Monthly Processing.
- This report can be prepared on a monthly or year-to-date basis.
- Timesheet information will only be included when selecting all GL codes.
- Under Allocated Amounts, if Supplement #389 Cost Allocation Locks is used to lock 50000 Salary amounts, it will take the locked amount reflected on the R&E Report, subtract the total timesheet amounts and put the remaining balance next to "Leave Allocated" on the Cost Summary Report.
Operating Instructions
Report: Select whether you want the report to be prepared on a Monthly or Year to Date basis.
Period: Select the desired period for which this report is to be prepared.
If you select Year to Date Cost Summary, the “From” field will appear with the beginning date of your organization’s fiscal year. This date cannot be changed. You may then select the “To” date for your report.
If you select Monthly Cost Summary, please select the Month for which you wish this report to be prepared.
List Box: Select the Elements or Projects you wish to include on the report.
Additional Information: If this option is selected, the first line of description from Vouchers, the description entered in Accounts Receivable, Cash Receipts, Employee Expense Reimbursements and the vendor name for any ACH Debit GJ entries will appear on the report.
Page break between elements: This option will begin each new Element on a separate page.
Include All GL Codes: If you want to select specific GL codes to include on the report, uncheck this check box and click on the desired GL codes.
Include Net Zero Transactions: If you want to list the net zero transactions, put a check in this check box.
Print: This will display the report with the option to print or export.