Best Practices for Project Reporting

Hi,

I am trying to determine the best way to do true project reporting on a consolidated level across foreign entities. We have intercompany time and expenses turned on, but it doesn't solve the problem of not being able to book journal entries to another entity's project (for example, I cannot allocate a time-based payroll entry from a UK employee to a US project code). How do others track the true expenses of projects on a consolidated company level? Ideally I would be able to run a consolidated income statement at the project level and have any expenses be able to