Offset Overhead Incurred involves the transfer of expense totals accumulated on expense accounts in a given cost period to cost centers by processing related cost centers. This option is located in the Operations menu of the Cost Accounting section.
The offset overhead incurred filter lines are used to specify overhead application conditions. The filter options are:
Filter | Value |
|---|---|
Cost Period | Period entry |
Overhead Pool Code | Group / Range |
Overhead Pool Description | Group / Range |
Overhead Code | Group / Range |
Overhead Description | Group / Range |
Overhead Aux. Code | Group / Range |
Overhead Group Code | Defined group codes and descriptions |
Cost Center Code | Group / Range |
Cost Center Description | Group / Range |
Overhead Center Aux. Code | Group / Range |
Once conditions are set on the filter lines, incurred overhead application is started by clicking on "OK" button. When incurred overhead application is completed, results of the overhead application are listed on the Offset Overhead Incurred window.
The overhead application period is specified on the Period Code column of the Offset Overhead Incurred window. Incurred overheads application transactions are first performed for the period of the overhead application. Overheads can be applied to approve periods. If the selected period and the period on which incurred overheads are applied are different, the presence of a budget record for the related overhead is checked while filter conditions are being recorded. If such a record is found, the related record is linked to overhead application lines.