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The new NetSuite feature called Purchase to Project could be your life-line.

Four Key Steps in the Cost Allocation Process The cost allocation process can be broken down into four key steps: Identify the costs to be allocated – Before costs can be allocated across the organization, management must identify which costs to allocate.

Get a highly visual representation of your company’s spending and expenses.

It not only maintains the single NetSuite element of cost but also provides the ability to track this single total cost unit with as many as eight sub-components of cost. The DCAA-on-Demand Indirect Cost Allocation module enables users to easily and simply: Identify and accumulate indirect costs by logical cost groupings (cost pools), with due consider-ation of the reasons for incurring such costs.

Netsuite cost allocation (extra licensing cost) includes a Run the allocation and review the JEs that are created – TIP: Delete every stage of the lifecycle and control costs.