Created items:
ALLOC FIXED
ALLOC GLBALANCE LATEST
In Inventory item master.
Did PO receipts for both the items 1000000@10.
If we observe Opm Financials>Setup> Actual costs>Expense allocations
There will be three sub setups (Codes, Bases and Expenses), which need to be completed
before we start of with expense allocation.
Basis>Allcation definitions can be of two kinds
a) GL Balances
b) Fixed %
To test these two scenarios two separate items were created and tested with different
options:
Item: ALLOC FIXED (Fixed% option is tested on this)
Item: ALLOC GLBALANCE LATEST (GL Balance option is tested on this)
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Here are the screen shots of setup done in
Opm Financials>Setup> Actual costs>Expense allocations>Codes
Opm Financials>Setup> Actual costs>Expense allocations>Basis
Opm Financials>Setup> Actual costs>Expense allocations>Expenses
Codes:
Next is
Opm Financials>Setup> Actual costs>Expense allocations>Basis
For Fixed% option
BALANCES GL ALLOC is to test GL balances Option
Next
Opm Financials>Setup> Actual costs>Expense allocations>Expenses
For Fixed% option
For GL balances Option:
After this we will have to make sure that Journal in GL to pool the allocatable expenses
are done. Make sure that the respective account showing balance (PTD, YTD)
Here are the screens shots of journal/balances of account that I did in this regard.
For Fixed% related Account
For GL balance option related account
Account balances:
For Fixed% related Account
For GL balance option related account
Ok Let us go ahead and run
A) OPM Cost allocation process
B) OPM Actual cost process
Then review the item costs
For Fixed % related item
1000000 qty, account balance was 1020000 = 1.02 is per unit allocated expense
For GL balance option related item
Account balance is 1000000, Qty purchased is 1000000, and allocated cost per unit is 1