FinancialForce PSA tracks scheduled hours (estimates) and compares them with the actual hours entered on timecards. Estimates versus actuals are automatically generated when an assignmentConnection between a resource and a project. and schedule are created and updated and when timecards are entered against that assignment. You can view the Estimates versus Actuals on the Est vs Actuals related list:
If you have permissions to do so you can:
When you or your administrator make changes to a timecard with Global Admin Edit selected and the changes affect actuals records, each assignment's estimates versus actuals record is updated to reflect the changes.
Estimates versus actuals records are created for all time periodA period of time with a start date and an end date to which forecasts, actuals calculations, billing event batches, utilization calculations and region plans belong. entities including weeks, months and quarters and are spanned by an assignment schedule. Timecard split records have a link to their associated estimates versus actuals record.