Monthly Overhead Allocation Report

 

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Select Job Cost Reports menu > Monthly Overhead Allocation Report.  

Overview

The Monthly Overhead Allocation Report performs automatic calculation of monthly overhead and provides an audit report of all overhead transactions generated.

The report recaps all costs subject to overhead that are posted during the past month by job, by overhead cost code, and by source cost type. The appropriate overhead rate and the calculated overhead amount are shown for each cost type. Totals are provided by job and by report.

The appropriate general ledger account numbers to debit and credit for each overhead posting are also shown.

The Monthly Overhead Allocation Report is available only if Monthly is selected in the Apply Overhead on a Daily or Monthly Basis field in the Job Cost Options window. If Daily is selected in this field, you must print the Daily Overhead Allocation Register to calculate overhead amounts.

Review the Monthly Overhead Allocation Report to verify that all overhead rates and general ledger account numbers are correct. If there are any errors, click Overhead Rate Maintenance on the Job Cost Setup menu, make the necessary changes, print the Monthly Overhead Allocation Report, and proceed with the update.

Warning Do NOT, under any circumstances, interrupt the update process.

During the update process, calculated overhead amounts are posted to the Daily Job Transaction file to include on the Daily Transaction Register. When the update is completed, a message appears prompting you to print a Daily Transaction Register. Click Yes to print the register and update the general ledger entries posted from the Job Close-Out Report.

 

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