How does the allocation process work?

The allocation process debits the requesting cost centers and credits the cost centers that provided the services. With the allocations features, you can manage and perform various overhead allocation and distribution tasks for different allocation contexts, such as cost centers or profit centers.

What does allocation mean?

Get a quick, free translation! ALLOCATION definition: 1. the process of giving someone their part of a total amount of something to use in a particular…. Learn more.

What is a budget allocation?

An allocation is an amount of money that is given to a particular person or used for a particular purpose. If any of the committees doesn't meet its reduction target, its budget allocation would be cut across the board. Start-of-the-year allocations made by foreign institutional investors can explain only part of the boom.