MAC Entries – An overview

Introduction

While assigning costs to cost centers, situations arise when they have to be assigned to the cost centers directly, without affecting the finance books. Most of the opportunity costs are of this type. MAC Entries Component gives the provision to assign costs to cost centers by entering cost directly. MAC Entries Component also provides the facility to view the vouchers created during the incorporation.

Feature Highlights

• In MAC Entries Component, costs can be assigned to normal and allocation elements. For each such transaction a MAC Voucher is generated.

• These vouchers can assign costs to “Detail” cost centers and mapped cost elements. The “Item Code” and “Item Variant” for which the costs are to be assigned can also be specified. Provision is available to load costs to Cost Centers alone.

• These vouchers are initially created in “Fresh” status. They can be modified while in this status. On authorization these vouchers affect the cost center and cost element MAC balances.

• Passing a reversal voucher would reverse an “Authorized” voucher. The MAC Balances are affected due to these entries but the finance books remain unaffected.

• Vouchers generated during the incorporation process are available for viewing in this component.

List of Activities