Transfer of O/H accounted for In GL to a specific project
Would like help on how O/H example electricity accounted for in a natural account in GL be allocated (absorbed) on a predefined criteria to a specific project as an over head componet to determine the project actual profitability
thanks, would appriciate you help
Roger
The items that are in the GL do not have a path back to Projects.
However we always handled the O/H by applying an O/H rate to each project based on labor. If you used an indirect profit center you could allocate based on each direct profit centers labor costs.
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Roger Perera([email protected]):
Would like help on how O/H example electricity accounted for in a natural account in GL be allocated (absorbed) on a predefined criteria to a specific project as an over head componet to determine the project actual profitability
thanks, would appriciate you help
Roger<HR></BLOCKQUOTE>
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