Exercise - Create a new cost allocation

Completed

This exercise is written to use the Cronus sample company from the US version of Business Central. You might need to make adjustments to the steps if you use the sample company from your country or region.

Scenario

Your next step in setting up cost accounting in Business Central is configuring an allocation. Because the administration department takes care of all administrative-related tasks, they must allocate these expenses to other departments.

It's your task to create an allocation that distributes the total balance of the administration department to the following departments:

• PROD: 45%

• SALES: 21%

• WH: 34%

These percentages must be revised at the beginning of the next calendar year.

Task

Create an allocation based on the information provided in the exercise scenario.

Steps

1. Select the Search for Page icon in the top-right corner of the page, enter cost allocations, and then select the related link.

2. Select New.

3. Expand the General FastTab.

4. In the ID field, enter ADM.

5. In the Level field, enter 1.

6. In the Valid From field, enter 01/01/2021.

7. In the Valid To field, enter 12/31/2021.

8. In the Cost Center Code field, enter ADM.

9. In the Credit to Cost Type field, enter 9901.

10. Expand the Lines FastTab.

11. In the Target Cost Type field, enter 9901.

12. In the Target Cost Center field, enter PROD.

13. In the Allocation Target Type field, select All Costs.

14. In the Share field, enter 45.

15. Move to the second line.

16. In the Target Cost Type field, enter 9901.

17. In the Target Cost Center field, enter SALES.

18. In the Allocation Target Type field, select All Costs.

19. In the Share field, enter 21.

20. Move to the third line.

21. In the Target Cost Type field, enter 9901.

22. In the Target Cost Center field, enter WH.

23. In the Allocation Target Type field, select All Costs.

24. In the Share field, enter 34.

25. Close the Cost Allocations page.