Allocation Management
As the only cost allocation module specifically designed for the public sector and not-for-profit organizations, Kintera FundWare Allocation Management will bring unparalled levels of speed and ease to your indirect costing process.
Allocation Management maximizes your cost recovery against grants and contracts. It automates the processes of allocating revenue earned for pooled investments and re-costing shares in investment pools. And, as part of the overall FundWare solution, it integrates seamlessly with the General Ledger and Project/Grant modules (sold separately). If your organization receives grants or contract revenue, Allocation Management can help you easily manage your absorption accounting and indirect costs. Allocation Management gives you the power you need to:
. Allocate indirect costs based on grant or contract-specific indirect cost rates, as well as your organization's internal indirect cost rates. • Choose from multiple flexible methods for indirect cost distributions, including dynamic percentages, fixed/predetermined percentages, and user-defined tables. • Customize distribution formulas with FundWare’s flexible programming language. • Monitor indirect cost limits automatically, avoiding overcharging funding sources. • Include/exclude allowable expenses based on FundWare’s flexible account attributes. • Allocate according to your schedule by defining the time period for which allocations are generated. |
. Run historical allocations that redistribute previous amounts based on new business rules. • Provide a strong audit trail to support your indirect cost methods and A133 audits. • Choose from flexible methods for allocating interest earned, such as dynamic calculation of fund cash balances at period end, or average daily balances. • Easily allocate fund revenue by percentage of principal or number of shares owned. • Recalculate unit price based on new market values and update number of shares owned for each fund. • Eliminate the need to maintain large spreadsheets, saving time and avoiding errors. |
Total Control of Your Allocations
Allocation Management effectively allocates indirect costs at grant/contract-specific rates and automatically
tests for "not to exceed" limits, reducing the likelihood of overcharging funding sources. With this powerful
automation and a complete audit trail, you can now aggressively recover your indirect costs from external
funding sources.
FundWare Allocation Management easily accommodates your own methods of indirect cost distribution. Plus, with the many other methods allowed by Allocation Management, you may discover a better methodology to recover indirect costs. One of the most powerful methods supported by FundWare Allocation Management is the ability to calculate dynamically built percentage-of-total tables.
These dynamic tables can calculate percentages based on a wide variety of data, such as percentage of total payroll, number of hours worked, allowable expenses for the period, and net-to-date. Additionally, with Allocation Management you can perform multi-step allocations, basing an allocation on the results of a previous allocation. FundWare Allocation Management also allocates indirect costs based on a fixed or predetermined rate, as well as allocations based on last year's budget, budget percentage to total costs, and other budget-based costing methodology.
Users can review allocations prior to posting to FundWare's General Ledger or Project/Grant modules through Trace Reports, which illustrate the steps that Allocation Management performs automatically.
Manage Your Investment Pools and Earned Revenue
For those organizations using an investment pool to maximize investment returns, allocating earned revenue
to each fund can be a time-consuming process. With Allocation Management, you can easily create formulas
that automatically distribute revenue amounts based upon different factors, including:
| . Average daily cash balance | . Number of shares owned |
| . Fund balance at end of allocation period | . Total asset value at end of allocation period |
For organizations that use a unitized share method for investment pools, Allocation Management can adjust unit prices based on new market values, as well as reallocate the number of units/shares among the funds, donors or other entities.
Eliminate Spreadsheets, Increase Productivity
FundWare Allocation Management increases your organization's productivity by eliminating the effort of
maintaining cumbersome spreadsheets built outside of the accounting system. Because it reads directly from
the FundWare General Ledger and Project/Grant data, all information used for allocations is up-to-date and
accurate. By automatically creating the necessary journal entries (with preview capabilities prior to posting),
accuracy and a full audit trail are built in. This is of great benefit if you require A133 audits.
| Find Out More | |
| . For more information, please call 1-800-551-4458 or e-mail fwinformation@kintera.com. |
. Sign up for an interactive Web demonstration at www.fundware.com/h/rfmo_web_cast_funnel.asp. |
