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Corporate Allocations

The Corporate Allocations module usually automates the allocation of central costs to operational departments, though it may be used for other allocation purposes.

Facilities Summary

  • Support for apportioned and fixed percentage allocations, fixed amounts and iterative charging
  • Full support for inter-company processing
  • High degree of flexibility to define allocation structures for each organization
  • Posting options with tight controls
  • Comprehensive audit trail to trace all allocations in full

This SunSystems module was originally developed to facilitate the cost apportionment requirements of joint-venture oil exploration and drilling projects. Relevant costs could then be exported to the accounting systems of each joint-venture partner. Nowadays it is most commonly used for sophisticated cost/charges allocations across cost centres, departments, projects, other analysis codes, accounts, accounting periods, transaction status codes, ledgers, budgets, and for inter-company posting routines. Apportionment can be based on fixed amount, fixed percentage, or based on ratios described by any set of statistical or financial data held within the system. This SunSystems module was originally developed to facilitate the cost apportionment requirements of joint-venture oil exploration and drilling projects. Relevant costs could then be exported to the accounting systems of each joint-venture partner. Nowadays it is most commonly used for sophisticated cost/charges allocations across cost centres, departments, projects, other analysis codes, accounts, accounting periods, transaction status codes, ledgers, budgets, and for inter-company posting routines. Apportionment can be based on fixed amount, fixed percentage, or based on ratios described by any set of statistical or financial data held within the system. Some of the key functions available are as follows: Corporate Allocations setup, Corporate Allocations sources, Corporate Allocations targets, Corporate Allocations ratios, Corporate Allocations calendar, Corporate Allocations runSome of the key functions available are as follows: Corporate Allocations setup, Corporate Allocations sources, Corporate Allocations targets, Corporate Allocations ratios, Corporate Allocations calendar, Corporate Allocations run

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