Use this screen to group cost pools so that they can be used in various ways. Group 1 is set aside for computing indirect rates and allocating indirect costs to jobs. You can use group numbers higher than Group 1 to calculate rates for various "what-if" scenarios and to forecast the effect of a change on the number and composition of your pools.
Enter a three-digit number to identify a grouping of cost pools for tracking purposes. Group 1 is the primary allocation group, because only Group 1 pools will allocate indirect costs to jobs. Pools belonging to any other group will be included in the rate computation process and will produce a Statement of Indirect Expenses. However, the rates calculated for those pools will not be applied to jobs and are for informational purposes only.
Enter the description of the allocation group. If you are retrieving an allocation group using Find or Query, this field displays the description of the allocation group.
This check box is non-editable. The check box will be selected whenever the Base Account, Apply Rates To Projects, or Sequence Number fields are changed in the Base Creation Setup (Projects » Cost and Revenue Processing » Cost Pool Setup) or Cost Pools (Projects » Cost and Revenue Processing » Cost Pool Setup) screens. If you change any of these fields, the table that is used to apply indirect rates to projects must be rebuilt, and this check box is automatically selected until the Build Rate Application Table process (Projects » Cost and Revenue Processing » Cost Pool Processing & Reporting) is complete. Once that process is complete, the check box is automatically reset back to its blank state.
Use this group box to assign a description to the system-defined pool numbers.
The available system-defined pool type numbers are one through six.
Enter a short description for up to six different pool types. Any changes made to the descriptions for one allocation group will automatically be applied across all allocation groups.