PREREQUISITES
1. Two or more expense accounts need to
populate for expense allocation for Items.
2. Items need to be produced through batch on
the particular period.
Step 1: First you need to set up two allocation code
and two cost component class. Cost component class should have ‘Expense
Allocation’ as Usage, and naming should be same as the allocation code to simplify
the breakup in item cost view.
Step 2: Then you need to set up
two Expense Allocation Basis (Allocation Definitions). Allocation code will be
above two and Allocation Basis will be ‘fixed %’. Now you set same item or
items in same organization with required percentage (in case of more than one
item) for prepared Allocation definitions.
Step 3: Now need to set Expense
to allocate. Prepare that twice with two allocation code and put the above
populated accounts on ‘From Account’ and ‘To Account’. Balance type will be
‘Actual’.
Step 4: Run a request from OPM
Financial responsibility named ‘OPM Cost Allocation Process’ with respective
parameters (here in parameter, Allocation from and Allocation to will be two
allocation codes)
Step 5: Now see Item Cost, two expense
lines has been generated with the above cost component classes.
EFFECT IN FINAL
ACCOUNTING
-To have effect in
accounting, in Account Derivation rule (Rule Code: ALC) put the above populated
accounts in two lines (at the ‘priorities’ tab). And in ‘Conditions’ add
another line i.e. ‘Cost component class = Constant ‘above cost component
classes’)
-Now run the cost
processes and create accounting in final mode.
NAVIGATION
Cost component class : OPM Financial-Set up
Allocation code : OPM Financial-Set up-Actual
costs-Expense Allocations
Allocation Basis : OPM Financial-Set
up-Actual costs-Expense Allocations
Expense to Allocate : OPM Financial-Set
up-Actual costs-Expense Allocations
Item Cost : OPM Financial
Account Derivation Rule : OPM Financials-Set up-Sub ledger Accounting
Setups-Accounting Methods Builder.
