Costpoint Online Help

Using the Help Search
Using the Help Search
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Applying Burden Rates to Inventory

This related topic illustrates how burden is calculated and applied to expense and asset inventory in Costpoint.

The procedure for calculating and applying burdened costs involves both the valuation of average actual inventory when burden needs to be applied, and how the General Ledger is updated when inventory burdened costs are transferred, issued, or adjusted.

The project/accounting subsystems perform most of the General Ledger burden updates for both asset and expense inventory charges, including processing charges such as accounts payable vouchers, most inventory transactions and time charges, and capitalizing burden to raw materials and Work in Process (WIP) accounts. The Inventory, Accounts Payable, and Labor Distribution Journals post the direct costs to a project/account/organization. If the account/organization is part of the base of a burden pool, the Burden Rate Process calculates the necessary burden rates and allocation amounts for the pool (see related topic, Burden Rates Processing).