The Sage MIP Allocations Management module distributes direct or indirect costs across multiple sources, programs, grants or other account segments. Users can also allocate various types of income, including interest income, across multiple funds. Allocations or distributions are calculated dynamically based on relative account balances, by fixed percentages and dollar amounts or by using a weighted average daily account balance.
The allocation calculation even generates the appropriate General Ledger entries for updating accounts. The Allocations Management module includes an extensive collection of reports, including pre-posting allocated financial statements that allow review of calculated results prior to posting.
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