Issue/Symptom/Question

Is there a way for Penta to take everything in a particular OU and automatically distribute it to other OUs monthly per certain parameters?

Applies To

PENTA for Windows

Finance & Accounting > Setup > Indirect Cost Allocation Rules

Finance & Accounting > Processing > Indirect Cost Allocation

Resolution/Fix/Answer

Indirect Cost Allocation Rules Setup:

1. Navigate to the Indirect Cost Allocation Rules window (Finance & Accounting > Setup > Indirect Cost Allocation Rules)
2. Select an OU Id and Account #, that you would like PENTA to automatically allocate expense FROM
3. Select an effective date, this is the date the rules will take affect
4. Optionally select an Applied Account, if you would like PENTA to credit a different Account # than the Account # setup in the FROM section (step 2 above).
5. Select an Allocation Method, for which will determine how the FROM balance is allocated to TO OU and Accounts
   1. Company Property Count
   2. Employee Head Count
   3. Facility Area
   4. Fixed Percentage
   5. Total Labor Hours
6. Select the Allocate To OU Id and Account #'s. For each OU Id and Account selected, PENTA will allocate the FROM OU/Account #, to the ALLOCATE TO OU/Account #'s, based on the Allocation Method that you selected in step 5
   
7. After you have completed the setup of the Indirect Cost Allocation Rules, PENTA can automatically process the indirect cost allocation rules as part of the Account Close process (you can override this in the Accounting Close window, see second screenshot below). If you want PENTA to process these rules more frequently, you can manually run this process using the Indirect Cost Allocation window (Finance & Accounting > Processing > Indirect Cost Allocation)