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) ============================================================ 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
