Actual Payroll Cost to Projects

 Hi,

I would require some inputs on how an actual payroll cost gets transfered to projects.

I understand we can use labor costing extensions.

I have the below scenario and I would like to know if  labor costing extensions fulfills the requirement.

Time has been entered through OTL by selecting Project number and task number. Time has been clocked say for 40 hrs in one task (as the actual tasks are not known initially). Assuming this is a weekly pay, based on the hrs the salary has been paid to employee. Time wil be imported to projects and Cost is distributed by using labor costing extension(as per the logic written).