Do you have purchases (such as postage or fuel) that are bought in bulk and later cost-allocated to various expenditure accounts (and perhaps involving more than one fund) based on usage? Would you mind letting me know how you’re doing this in the OpenRDA software? ย Is it working well for you? And, does it allow you to easily establish fund balance amounts for these inventories (non-spendable in accordance with GASB 54)?
I apologize for all the questions but I promise I do have some answers. And, yes, they’re in one of my problems/solutions white papers. In that paper, I’ll present three cost allocation solutions; one I’ve been recommending for a rather long time; one revealed itself as the result of a 2013 enhancement to the Vendor Payments module (one of those Aha! moments); and the other is . . . well, you’ll have to get the white paper.
Phyllis
phyllis.flowers@gmail.com
To get a copy of the white paper, please leave a comment letting us know you would like one.
