The Advantage NPS Allocations Management module distributes direct or indirect costs across multiple sources, programs, grants or other account segments.
Users can also allocate various types of income, including interest income, across multiple funds.
Allocations or distributions are calculated dynamically based on relative account balances, by fixed percentages and dollar amounts or by using a weighted average daily account balance. The allocation calculation even generates the appropriate General Ledger entries for updating accounts. Advanced use of the Allocations Management module calculations allows interest income to be distributed based on the weighted balance of specified accounts, a feature that is valuable to foundations or other agencies that allocate grant interest income for consolidated holdings. For budgeting, users can create allocations based on budget dollars instead of actual costs. Allocations Management allows users to create multiple, sequential calculations for redistributing transactions.