JobOps is a collection of job management modules designed for Sage 100 ERP. It fits best into small to midsized manufacturing, installation, and service/repair companies that handle between 7 and 10 million dollars annually. JobOps provides the tools you need to manage even the most complex jobs by keeping you up to date and in control every step of the way.
Topics: cost allocation, MAS 100, jobops, 100 ERP, jobops for MAS 100, jobops for Sage 100, job costing, oates and company, john shepperson
Posted by John Shepperson | Aug 14, 2013 7:40:00 AM
Cost allocation is the method of identifying and assigning costs to the site at which they are incurred. Each branch/location of a medical practice is considered a ‘cost center’ and multi-site medical practices can have varying costs based on the location and services offered at a particular site. For example, sites that house administration will have lower costs than sites that house laboratories or operating rooms. Cost allocation is very beneficial in the management of a multi-site medical practice.
There are several good reasons that allocating costs is important to a multi-site medical practice. When costs are assigned correctly, the types of costs at each location can easily be analyzed, which is very important in the budgeting process. With a budget that is based on accurate cost allocation it is possible not only to see expense overages quickly, but also to correct expense overages quickly. Keeping track of expenses is essential for internal planning.
Topics: cost allocation, medical practice, accounting, billing, multiple physicians, multi-site, allocation, expenses, cost center, john shepperson
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