The Project Cost Allocations document is used to distribute expenses incurred by an entity across multiple projects. It allows an entity to allocate shared or unassigned costs between projects based on defined proportions.
This document includes different transaction types designed to support both basic and more advanced cost allocation between projects
- Indirect Cost Allocation - Used to allocate overhead or shared costs (e.g., utilities, administration) to selected projects.
- Labor Cost Allocation - Allows allocation of payroll or labor-related expenses across projects.
- Depreciation Cost Allocation - Used to distribute depreciation expenses of assets across projects benefiting from those assets.
- Direct Cost Allocation - Used when expenses are recorded directly with a cost element but still need to be distributed between multiple projects.
