#392 monthly cost center allocations
The Monthly Cost Center Allocations program is another alternative in allocating common cost centers to appropriate program elements. It uses an external, usually non-financial base to distribute the monthly costs of the designated cost center pool. The allocations are posted to programs with a general journal entry that is automatically prepared. The current month expenses of the cost center pool are determined by using the monthly timesheet charges, calculating the appropriate leave and fringe benefit costs and picking up the direct costs from the monthly general ledger table. It performs like a direct cost allocation rather than allocating costs using a rate. This allocation takes place before indirect costs are computed. Costs may be allocated to both regular program elements and/or to indirect cost pool elements.
costs
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