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.
Revenues of a bundled package allocated to the individual products or services in that package.
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.
We’re able to get our bonus calculations done within a week, when in the past it would take months into the year before our physicians got paid.Chris Hopeck, CFO, Millennium Physicians Association
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.
Eliminate duplicate allocation entries by automatically detecting if the allocation was run for the period.
Through an in-depth audit trail, including snapshots of allocation rationale and calculation parameters automatically connected to each journal entry.
Add start and end dates, as well as weighted average calculations, for any given allocation so you can plan in advance for calculation changes or seasonal allocations.
Distribute indirect costs, revenue, asset and liability amounts throughout products, departments, projects and other critical areas of your business.