Allocating Compensation Expenses to General Ledger Accounts

  To allocate compensation to General Ledger accounts:

1. Select View and then Basic Mode.

2. Expand Budget Preparation, and then select Allocate compensation to General Ledger accounts.

3. Accept the default business rule, and then click Launch.

4. Select members based on the allocations to make. For example, to allocate for all employees holding the job or position of Fire Chief in the New Haven municipal fire department, select:

   • Scenario—Type of budget, such as baseline or forecast from which to make allocations

   • Version—Budget stage, such as worst case or best case from which to make allocations

   • Select Entity—New Haven Fire

   • Select Employee—Total Existing Employees

   • Select Position or Select Job Code–Fire Chief

5. Click Launch.

6. Push compensation expenses on the HCP plan to Plan 1, 2, or 3 to update the line item budget. See Populating the Line Item Budget.