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Cost Allocation

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


Want to automate cost allocation



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


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