SoftGuide > Functions / Modules Designation > Cost center allocation

Cost center allocation

What is meant by Cost center allocation?

The term "allocation of cost centers to cost objects" refers to the process of assigning costs incurred in various cost centers (e.g., departments or functional areas) of a company to specific cost objects (e.g., products, projects, or services). This allocation is a key component of management accounting and enables companies to determine the actual costs of producing a product or delivering a service.

Typical software functions in the area of "allocation of cost centers to cost objects":

  1. Cost Center Management: Management and assignment of cost centers to ensure a clear separation of costs within a company.
  2. Cost Object Management: Recording and managing cost objects for the allocation of costs from the relevant cost centers.
  3. Automated Allocation: Automation of the process of allocating costs from cost centers to cost objects based on predefined keys or criteria.
  4. Allocation Key Management: Definition and management of allocation keys (e.g., distribution keys) to ensure accurate and traceable cost allocation.
  5. Reporting and Analysis: Creation of reports and analyses to review allocations and assess the cost efficiency of projects or products.
  6. Simulations and Scenario Analysis: Conducting simulations to predict the impact of different allocation methods on total costs.
  7. Audit Trails and Traceability: Ensuring the traceability and transparency of all allocation processes to meet compliance requirements.

 

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The function / module Cost center allocation belongs to:

Cost types, cost centers and cost units

Software solutions with function or module Cost center allocation:

OCT Integration
OCT Integration
 
 
 
 
 
 
Automated data integration from all ERP systems: DATEV, SAP and many more.
Project planning, project steering, project controlling, time management - 100% web based
myPARM - Multi-project management software
Multi-project management and PPM software
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
Sta*Ware Business Navigator®
Project-oriented business software in one package - ERP-CRM-HRM-PMS-DMS-ECM-BA-BPM-QM
PST-BI
 
 
 
 
 
 
Data warehouse, cost accounting, planning, reporting, business analytics for SMEs
PROJEKTA
 
 
 
 
 
 
Project Software - ERP for Service Providers
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
elKomPLAN
 
 
 
 
 
 
Software for integrated corporate planning, reporting and group consolidation
flink
flink
 
 
 
 
 
 
Modern performance & analytics software
Show all 12 programs with Cost center allocation