Use the Costing of Payment process to provide automatic accounting entries that reduce your dependence on manual journal entries. By default, the Costing of Payment process always costs all payments regardless of whether they are cleared or uncleared. However, the process parameters enable you to override the default so that you can also cost:

• Uncleared payments only

• Cleared payments only

You have the flexibility to schedule your costing of payments as follows:

• Several separate operations: You cost uncleared payments during the payroll cycle and then cost cleared payments separately during the reconciliation cycle.

• A single operation: You wait until the reconciliation cycle has completed and then cost cleared and uncleared payments in one consolidated operation.

You run the Costing of Payment process from the Submit Requests window.

   To run the Costing of Payment process:

1. If you want to cost payments for a single payroll, select the payroll name.

2. If you want to cost payments for a consolidation set, select the consolidation set name.

   You must choose either a payroll or a consolidation set.

3. Enter the start date and end date to specify the period for which you want to cost payments.

4. Select a payment type. Your selection determines what type of payments get costed when you run the Costing of Payments process.

   • Uncleared payments: Select to cost uncleared payments within the payroll cycle

   • Cleared payments: Select to cost cleared payments within the reconciliation cycle

   • Uncleared and cleared payments: Select to cost uncleared and cleared payments within the reconciliation cycle

5. Click OK to confirm that your parameters are correct.

6. Click Submit to run the Costing of Payment process.

   When the Costing of Payment process has completed, you can see the results either in the Payroll Process Results window or in the Assignment Process Results window. In either case, results appear as follows:

   • The Costing Breakdown window shows the overall number of costed payments for a payroll and indicates whether the status is complete or pending.

   • The Costing window shows the individual costed values for a payment method.