If Time Management is installed, you can integrate it with Project Management, track effort using time sheets, and configure Financial Management on the Cost and Effort policy to roll up actual labor costs from those time sheets to the project work plan. These values can in turn be rolled up to the project financial summary if desired.
The following options in the Cost and Effort policy must be selected to enable labor cost roll-up from time sheets:
Track Actual Effort per resource assignment, in the Resource Load Settings section, Actual Effort in the Work Plan subsection
Use Time Management to track actuals against this project, in the Time Management section
Enable Financial Management for work plan, in the Financial Management section
For more information on the Time Management–related Cost and Effort policy settings, see the Project Management User Guide or the Time Management User Guide.