FundWare Allocation Management streamlines your entire indirect costing process, enabling you to maximize your cost recovery against grants and contracts. It allows organizations to allocate expenses both directly and indirectly among investments, programs, grants, cost centers, and departments based on percent of total, fixed or dynamic rates, or other user-defined criteria.

You can:

• Allocate and journalize overhead costs automatically, based on grant-specific indirect cost rates, percentage of total allowable expenses, and even percentage of total payroll.
• Compute percentage of total automatically for any group of accounts by year, month, or user-defined time period-crucial in allocating indirect cost pools.
• Calculate daily cash balances automatically by fund for proper interest income allocations.
• Allocate indirect costs by percentage of labor hours, outcome-based statistics, or any other non-financial information.
• Incorporate grant restrictions including not-to-exceed limitations.
• Develop multistep or tiered allocations for full absorption allocations.
• Customize even the most complex indirect costing rules using FundWare’s powerful customization tools.