|
When you've reached the end of an accounting period and you're ready to allocate cost pool (overhead) classes with ManagePLUS Gold, typically you'll follow these steps:
| 1. | Prepare for allocation by selecting an accounting period to work with in ManagePLUS Gold, refreshing transactions and lists from QuickBooks, and updating management quantities associated with your classes. |
| 2. | Create allocations. Most of your effort will be needed the first time you use ManagePLUS Gold. Creating allocations in subsequent periods will be much quicker: you'll just review (and if necessary, adjust) your allocation setups, then send Journal Entries to QuickBooks. |
| 3. | Find and fix "unclassified" amounts. These result when no class was assigned to some transactions. Such amounts need to be assigned a class so that nothing gets "missed" in the accounting for revenue and cost flows to your various program and activity classes. |
| 4. | Send allocation Journal Entries to QuickBooks—with just a click of the mouse. |
|