Viewing normal / allocation cost element mapping with cost center

Glossary

Basics of using Ramco Enterprise Series web page

This page allows you to view the mapping between a detail cost center and normal / allocation cost elements. You can enter the code identifying the cost center for which you want to view the details of the mapping. You can view the list of normal or allocation cost elements that have been mapped to the cost center. You can also view the properties that have been set for the mapping.

The “View Normal / Allocation Cost Element Mapping” page appears.

Cost Center

The code identifying the detail cost center for which you want to view the mapping of the normal or allocation cost elements (Alphanumeric, 10).

 

Press <Enter> key.

 

The system retrieves and displays all the details of the cost center in the relevant fields.

 

Help facility available

The system displays the following:

Description

The description of the cost center.

The system displays the following in the “Normal / Allocation Cost Element Details” multiline:

Cost Element

The code identifying the cost element.

Description

The description of the cost element.

Cost Element Type

The type of the cost element. It could be “Normal Cost Element”, or “Allocation Cost Element”.

 
  • Normal Cost Element – indicates the costs of expenses, revenues, investments or liabilities of an organization. These normal cost elements can be mapped to account codes in the “Accounting Setup” business component. Salary, office expenses, stationary, power and fuel could be some typical examples of normal cost elements.

 
  • Allocation Cost Element – indicates the cost elements that can be used as a basis for the allocation process. Number of employees, number of labor hours worked and the number of miles traveled could be typical examples of allocation cost elements.

Effective Date

The date from which the mapping between the cost center and the cost element is effective.

Expiry Date

The date till which the mapping between the cost center and the cost element is effective.

Behavior

Indicates the behavior of the mapping between cost center and the cost element. It could be “Fixed Cost” or “Variable Cost”.

Traceability

Indicates whether the costs are traceable. It could be “Direct” or “Indirect”.

The system displays the following:

Created By

The login ID of the user who created the mapping.

Created Date

The date on which the mapping was created.

Last Modified By

The login ID of the user who last modified the mapping.

Last Modified Date

The date on which the mapping was last modified.

To proceed, carry out the following