Use the Configure Weighted Average Overtime Settings screen to set up the timesheet cycle parameters that are used by the Apply Weighted Average Rates to Timesheets and the Create Retroactive Timesheet Adjustments utilities.

You must specify whether the weighted average is calculated and applied based on a timesheet period or a weighted average period.

You can flag weighted average periods as open or closed. If a period is closed, it is ineligible for weighted average processing.

You must also specify the basis for calculating and applying the weighted averages.