Accounting Project Cost Allocation Expenditures
Accounting for Project Cost Allocation Expenditures
We are currently testing the Cost Allocation Feature within Oracle Project Costing for this scenario
- Cost will be coming from Project A that sits within US Legal Entity A (Ledger A)
- Cost will be allocated to multiple projects including belonging to UK Legal Entity B (Ledger B)
As per testing, we are able to select the projects in UK (as long as cross charge is enabled) and we are able to allocate the costs from US to UK project, however we would like to confirm the below observation
- The Allocation Expenditure Items that is now allocated within the project in UK, but when running draft accounting for the transaction still shows that it's being recorded within US Ledger (from source) behaving as if it was an intercompany transaction. Is this the case ?