Advanced Allocations
Speed up period-end processing and gain a better view of your company’s revenue and expenses
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Speed up period-end processing and gain a better view of your company’s revenue and expenses
Watch this short video to learn how Advanced Allocations lets you define your pool, set the basis, and apply consistent rules across departments, projects, or locations.
Overhead costs allocated to revenue-generating products or services based on a percentage of total revenue.
Professional service labor costs allocated to projects, customers and departments by hours worked, as a whole department or on an employee-by-employee basis.
Allocate administrative services from parent entities to subsidiaries for management oversight and support. Simplify shared services, corporate overhead, and intercompany recharge allocations across entities.
Building rent, utilities costs or maintenance services allocated to departments based on floor space occupied or number of department employees.
Depreciation allocated to departments or business units on jointly used machinery based on machine-hours.
Not-for-profit management salaries allocated to the fund-restricted programs the managers are responsible for based on costs incurred by those programs.
With an easy, scalable and repeatable allocations set-up process, even across entities, you can get back to focusing on the strategic aspects of your business.
Prevent duplicate allocation runs for the same period unless explicitly allowed.
Gain transparency with an audit trail that links allocation logic and calculation details to each resulting journal entry.
Support evolving allocation rules with effective dates and configurable calculation methods.
Distribute balances across dimensions to support more detailed reporting and analysis.
