Cost Allocation Processing Features and Functions

• Allocates actual or budgeted costs to appropriate ledgers


• Allocates to expense, revenue, asset, asset reduction, liability, capital, and capital reduction accounts


• Allocations to organizational segments determined by function, profits, etc.


• Flexible ledger costing categories


• Allocates cost by multiplier, quantity, or amount


• Cost allocations driven by formulas using unlimited, statistical, fixed amount, and period-to-date factors, as well as unlimited nesting


• Groups accounts into cost categories, and allocates amounts from one reporting dimension code to another


• Specifies source and target reporting dimension codes used for the six dimensions, including the activity, in the allocation


• Costs allocated among different cost group reporting dimensions are determined by the amounts posted to the ledger account of each cost category


• Posts cost allocation in the G/L


• Uses sequential or concurrent close-out methods to allocate cost


• Costs can be allocated to an item via various processes, including fixed multiplier, volume or statistic, weighted or moving average, standard cost, direct allocation, etc.


• Reports the direction of an allocation distribution sequence as to/from


• Runs multistep allocations to accounts, and then reports by running different batches for each step


• Mass concurrent updates of actual, budget, and encumbrance balances through batch distributions


• Intracompany allocations and intercompany allocations


• Defines and identifies an allocation by a pool of accounts or departments where it will be recorded


• Audit report tracks allocation costs made to the G/L and their transaction histories


• Journalizes allocations so they can be posted to the G/L


• Generates reports on allocations without posting results


• Allocation results can be exported to report writer


• Users can define periods when current period allocations are totaled, such as quarter-to-date, semi-annual, and annual


• Allocations are based on historical, actual, or projected budget data


• Defines and stores cost allocation factors and transactions for future or recurrent use


• Uses net cost allocations to run multiple reallocations during the same accounting period


• Logs past cost allocations for comparative reports