GMS Non-Profit Accounting and Financial Management is a great fit for many businesses.Â Find out if it's the right choice for you!Â Are you looking for a GMS Non-Profit Accounting and Financial Management demo, technical support, product or pricing information or to simply to compare GMS Non-Profit Accounting and Financial Management with competitive options? Quickly get answers and the information you need.
GMS has the best and most efficient Cost Allocation system on the market today! Ask our clients!
Because of the variety of ways clients handle cost allocation, GMS software accommodates a vast array of choices. During on-site installation and training many of the issues are sorted out which then provides reports that are most suited to a particular agency’s requirements. Once set-up files are completed month end cost allocation functions are just a quick click of the mouse.
For example, in the cost allocation area, some clients hope to implement indirect cost rates in the future, but are unable to do so immediately because of existing budget and organizational practices. In these instances, software is supplied to facilitate direct charging of otherwise allocated amounts and is substituted at the beginning of a fiscal year when an indirect cost plan can be implemented.
The Leave Rate Computation and Analysis is the first cost allocation step accumulating year-to-date leave charges, computing leave earned costs consistent with organizational personnel policies, and calculating rates to allocate leave costs to programs.
This also prints a supporting employee leave balance analysis which details accrued employee leave amounts for general ledger reconciliation.
Actual year-to-date fringe benefit rates are automatically calculated consistent with organization fringe benefit policies. Or, fringe benefits may be directly charged to programs.
Actual or provisional rates may be used.
GMS offers a variety of methods to handle the allocation of indirect or common costs.
The Indirect Cost Rate Computation and Analysis may be used to accumulate indirect cost transactions, compute an actual year-to-date indirect cost rate and to automatically apply indirect costs to programs. Actual or provisional rates may be used.
"Cost Allocation" is part of the GMS Non-Profit Accounting and Financial Management line of products, developed by Grants Management Systems.