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Former Member
Feb 08, 2012 at 02:30 PM

Allocation of Costs



We have an issue where we want to allocate costs between cost centres, and I believe that an Assessment is the way to go. As Costs allocate in a specific cost centre, and the total is

comprised of many GL Accounts - Based on a certain percentage, we then want to allocate the costs to other Costs Centres and Company codes. Example below:

Ie - Costs Accumulate in Cost Centre 111 - Company Code AAA

Allocate To: Cost Centre 222 (Company Code BBB) @ 50%

Allocate To: Cost Centre 333 (Company Code CCC) @50%

Entry Required:

Cost Centre 111 in AAA (Credit GL Account 999999) ($100.00)

Cost Centre 222 in BBB (Debit GL Account 999999) $50.00

Cost Centre 333 in CCC (Debit GL Account 999999) $50.00

To generate the required entry, what would be required?

Thanks in advance!