Advanced Allocations
Speed up period-end processing and gain a better view of your company’s revenue and expenses
Advanced Allocations
With rising costs impacting all facets of business, leaders need to account for every allocation of their expenditures and earnings. With Baker Tilly’s Advanced Allocation module, improve your business intelligence and insight by eliminating tedious, time-consuming spreadsheets and error-prone manual journal entries.
Understanding Advanced Allocations
Watch this short video to understand what Advanced Allocations is and how it can help your business or organization.
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Common allocation use cases
Understanding operating costs
Overhead costs allocated to revenue-generating products or services based on a percentage of total revenue.
Determining costs of services
Professional service labor costs allocated to projects, customers and departments by hours worked, as a whole department or on an employee-by-employee basis.
Outlining bundle versus individual costs
Revenues of a bundled package allocated to the individual products or services in that package.
Utility costs
Building rent, utilities costs or maintenance services allocated to departments based on floor space occupied or number of department employees.
Designating shared expenses
Depreciation allocated to departments or business units on jointly used machinery based on machine-hours.
Applying salaries to funds
Not-for-profit management salaries allocated to the fund-restricted programs the managers are responsible for based on costs incurred by those programs.
Preview how to allocate commissions
Request a demoPreview how to allocate rent and utilities
Request a demoPreview how to allocate marketing expenses
Request a demoBenefits of our Allocation tool
- allocate revenue and expenses to multiple dimensions at once with unlimited dimension filters
- automate reversals
- allocate groups of accounts at once in a single allocation
- allocate directly within your GAAP accounting books or to separate management reporting books
- create your allocations quickly with a simple single page user interface
- run all of your allocations at once, in sequence, so that results can be used by subsequent allocations
- speed up period-end processing
- increase accuracy by minimizing the use of manual processes and offline spreadsheets
- built on the Sage lntacct platform
- natively integrates with Sage lntacct like any add-on module to automate your allocation accounting
Get more from your allocations
With an easy, scalable and repeatable allocations set-up process, even across entities, you can get back to focusing on the strategic aspects of your business.
Automatic corrections
Eliminate duplicate allocation entries by automatically detecting if the allocation was run for the period.
Increased transparency
Through an in-depth audit trail, including snapshots of allocation rationale and calculation parameters automatically connected to each journal entry.
Support for changing allocations
Add start and end dates, as well as weighted average calculations, for any given allocation so you can plan in advance for calculation changes or seasonal allocations.
More visibility
Distribute indirect costs, revenue, asset and liability amounts throughout products, departments, projects and other critical areas of your business.
