We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Cost Allocation

Received Response
38
Views
1
Comments
edited Oct 23, 2019 4:35PM in General Ledger & Intercompany 1 comment

Summary

Want to automate cost allocation

Content

Hello,

We have a scenario whereby we have some market data licence costs that we want to allocate across multiple departments, but we only want one department head to sign off / approve the cost. The invoice will initially get posted to department A (say £200), but then we want to allocate £50 to departments B, C and D and leave £50 in A.

We could post a manual journal but would someone be able to advise the best automated solution for doing this? We have quite a few market data licences like this.

Many thanks

Nick

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!