Setting Up JC Allocation Codes

JC Allocation Codes define how amounts are distributed (by cost, hours, or revenue) when you run cost allocations.

Before you start

• Know the basis (cost, hours, or revenue), rate or percent, and credit GL account.

Steps

1. Open JC Allocation Codes.
2. Create a code and choose whether allocation is based on cost, hours, or revenue.
3. Set criteria such as a flat percentage or rate.
4. Choose whether to post to the original phase/cost type or to a specific phase and/or cost type.
5. Set the credit GL account.
6. Save.

Notes

• Run allocations with Processing JC Cost Allocations.