Intercompany Service & Cost Allocation

Allocate shared group service costs using documented agreements and drivers. This application is designed to explain how common expenditure becomes entity-level charges and provide a reviewed basis for the corresponding recharge records.

Best suited to

Groups allocating internal shared service expenditure.

What you can manage

• Record the costs of services shared across the group.
• Maintain the allocation agreements relevant to those services.
• Enter the allocation keys selected for the distribution.
• Calculate the share assigned to each participating company.
• Prepare recharge breakdowns explaining the allocated amounts.

A practical workflow

Collect the shared costs and review the contractual allocation basis. Examine each entity's driver input and calculated share, then prepare the recharge breakdown for accounting and any separately required tax review.

Why this workflow matters

An intercompany account has two perspectives that need to be reconciled. Reviewing the agreement and counterpart records together helps the group distinguish timing, currency and substantive transaction differences. The aim is an explained internal position that both entities can support before the figures enter the group close.

Working with your records

Confirm the reporting date, entity scope and accounting basis before preparing group information. Review source packages and adjustments with the responsible entity owners, retaining the evidence for material decisions. The software organises the specified group accounting workflow; the appropriate consolidation and disclosure treatment still requires review under the framework adopted by the group.

Licence

12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.